Sensex breaks the 12k citadel, closes at 12,009

Mumbai, Sept 15: The Bombay Stock Exchange Sensitive Index (Sensex) regained the 12k post lost on May 17, as sentiments picked up later in the day assisting the index to close 37 points up at 12,009.59 in a choppy intra-day trade, that saw huge selling pressure on blue chip stocks.

Similarly the NSE S&P CNX Nifty too closed 7 points in the green at 3478.60.

The BSE index today oscillated to a high of 12,041.70 and a low of 11,847.61, witnessing a swing of 194.09 points.

However. the breadth in the broader market turned negative in favour of 1,425 declines as against 1,062 advances, out of total 2561 scrips that traded the BSE counters today.

The BSE clocked a turnover of Rs 3445 crore today.

Amongst the BSE sectoral indices, Metals was down 1.10 per cent, IT by 0.41 per cent, and Consumer Durables by 0.40 per cent, whereas the gainers pack was led by Capital Goods up 1.60 per cent and followed by Oil and Gas up 0.72 per cent.

Major gainers on the BSE-30 index were, L&T up by 3.97 per cent to Rs 2,639.95, Grasim Industries down by 3.94 per cent to Rs 2,486.05, Satyam Computers up by 2.30 per cent to Rs 828.80, HLL up by 1.90 per cent to Rs 243.55, Bharti Airtel up by 1.68 per cent to Rs 446.00, Reliance Industries up by 1.29 per cent to Rs 1,140.50, HDFC Bank up by 1.16 per cent to Rs 874.00, ACC up by 1.03 per cent to Rs 954.15, Tata Motors up by 0.57 per cent to Rs 869.65, and ONGC up by 0.35 per cent to Rs 1,162.90.

Besides the losers were Reliance Communications down by 2.01 per cent to Rs 317.55, Hindalco down by 1.25 per cent to Rs 169.40, Bajaj Auto down by 1.16 per cent to Rs 2,791.90, Infosys down by 1.12 per cent to Rs 1,808.95, TCS down by 0.89 per cent to Rs 1,003.15, Wipro down by 0.81 per cent to Rs 509.55, Tata Steel down by 0.69 per cent to Rs 504.40, ITC down by 0.52 per cent to Rs 182.35, NTPC down by 0.51 per cent to Rs 127.65 and ICICI Bank was down by 0.51 per cent to Rs 647.25.

According DSP Merril Lynch Fund Manager, the slowdown in the US economy will result in slowdown in the global equities market by late this year and the early next year, but then the markets will regroup and emrge stronger to have healthy rallies in the coming months.

Meanwhile, the crude oil price has slid to US Dollar 73 per barrel mark, giving hopes to slowdown inflation in the coming weeks.

UNI

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