Sensex regains 11,900 mark, 12k still illusive

Mumbai, Sep 8 (UNI) A fresh buying spree at lower level led the Bombay Stock Exchange Sensitive Index (sensex) to regain its lost position after almost the whole day of weak performance.

Sensitive index gained 65 points after declining to a low of 11,825.22 and a high of 11,940.58 points in the intra-day trade, as the midcap and the small cap scrips went up by 1.11 and 1.33 per cent on account of buying at the fag end of the days trading.

Sensex closed at 11,918.65 compared to the previous close of 11,853.85 points. Earlier it opened marginally in the green as the crude oil price declined to five month low of US Dollar 66.91 per barrel mark.

The Bank of Japan, at its meeting today, left its key interest rate unchanged at 0.25 per cent, lifting sentiment in the Asian as well as domestic bourses assisting fresh buying at the lower level.

It held the key rates unchanged for a second month after raising it from near zero percent in July, the first increase in almost six years.

Similarly the S&P CNX Nifty rose 16.90 points or 0.49 per cent to close at 3,471.45.

The total turnover on BSE amounted to Rs 3,484 crore, compared to Thursdays' Rs 3,312 crore.

The breadth too in the broader market turned positve in favour of 1,563 advances as against 980 declines and 73 scrips that remained unchanged out of 2616 scrips that traded the BSE counters today.

On the BSE sectoral indices except the IT sector, all other indices closed in the green, IT was down by 0.19 per cent to 4272.97 points whereas, Consumer Durables and Auto indices closed up by 1.35 and 1.20 per cent as the crude oil price declined to a five-month low of US Dollar 66 per barrel mark.

Relinace Communications went up by 4.91 per cent to close at Rs 316.25, followed by Hero Honda, which was up by 3.52 per cent to Rs 736.00, BHEL was up by 3.22 per cent to Rs 2,325.65, Maruti was up by 3.04 per cent to Rs 940.80, Reliance Energy was up by 1.92 per cent to Rs 488.10, Hindalco was up by 1.86 per cent to Rs 183.90, Bharti Airtel was up by 1.65 per cent to Rs 430.05, Ranbaxy was up by 1.61 per cent to Rs 416.80, Dr Reddy's Lab was up by 1.46 per cent to Rs 738.10 and Grasim Industries was up by 1.39 per cent to Rs 2,335.25.

Besides the losers list included HDFC down by 1.03 per cent to Rs 1,338.75, L&T down by 0.55 per cent to Rs 2,558.35, ICICI bank down by 0.54 per cent to 603.75, Infosys down by 0.53 per cent to Rs 1,794.70, Wipro down by 0.37 per cent to Rs 509.90, NTPC down by 0.28 per cent to Rs 125.05, Guajarat Ambuja Cement down by 0.26 per cent to Rs 115.15, ONGC down by 0.21 per cent to Rs 1,197.70 and ACC down by 0.18 per cent to Rs 945.45.

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