Sensex crosses 12,400 points in morning trade

Mumbai, May 4: Markets were in bullish mood for the fourth consecutive session and BSE Sensex crossed 12,400 mark this morning rising to 12420.95.

The 30 share sensitive index (Sensex) traded 100 points up at Rs 12413.29 up by 102.57 points as compared to the last close of 12310.72.

Index heavy weight Reliance Industries was up by 4.76 per cent to Rs 1084 with a gain of Rs 49.25 per share.

Other top gainers on the Sensex were Cipla, BHEL, Tata Motors, ICICI Bank, Tata Power, Infosys, Reliance Energy, Larsen&Toubro and Tata Consultancy Service.

Stocks trailing on the Sensex were Gujarat Ambuja Cements, Maruti, HLL, Dr Reddy's Lab., ACC, Grasim Industries, Hero Honda, Wipro, Hindalco and Bajaj Auto.

The crude oil prices hovered around USD 72.11 per barrel this morning, considerably lower than US 74 to 75 per barrel quoted yesterday.

Sensex has gained more than 1,000 points since last Friday when it dipped to a low of 11,344 points.

Earlier today, the Bombay Stock Exchange (BSE) Sensitive Index (Sensex) opened higher at 12,343 points as compared to the last close of 12,310 points and soon crossed the 12,400 mark, touching a high of 12420.95.

Earlier the National Stock Exchange (NSE) S&P CNX Nifty index opened four points down at 3630.65 as compared to the last close of 3634.25 and touched a high of 3661.80. Nifty traded 24 points up at 3,658 around 1140 hrs.

UNI