Sensex closes at all time high of 12,736.42 pts

Mumbai, Oct 13: The Bombay Stock Exchange Sensitive index (sensex) today achieved the forte that was illusive since May 12, the day corrections set in, to close at an all-time high figure of 12,736.42, which is 198.44 points more than the previous close, on account of huge buying noticed in the technology and IT sector followed by the refinery shares.

The achievement has not surprised many investors and traders, according to Rakesh Jhunjhunwala, an analyst and trader, ''even when the index went down to 8,800-900 level, I was confident of sensex achieving new heights, and this is one of the many highs still to come.'' Mark Mobius of Templeton Investment, said, India is likely to be one of the highest growing market compared to China. And if the momentum continues Indian market can touch the 14000-14,500 mark too.

However, not all investors are happy with sensex breaking the all time high figure, as the growth has not been secular. Investors are of the opinion that the highs that several midcaps scrips achieved in May, have not reached those levels this time around. The increase in sensex figures are largely driven by the strong performance of IT and Oil and Refinery heavy weights, feel experts.

The breadth today in the broader however was negative in favour of 1,444 declines as against 1,083 advances, out of total 2,577 scrips that traded the BSE today.

The S&P CNX Nifty too closed 55 points up at 3676.05 today, which however is 100 points away from its all time high.

Meanwhile the Nymex crude rose 0.03 per cent to touch the US Dollar 58.25 a barrel mark.

Amongst the sectoral indices on the BSE, Technology sector was up by 2.51 per cent, IT was up by 2.30 per cent, Oil&Gas was up by 1.11 per cent and the FMCG was up by 1.28 per cent.

Major gainers on the BSE- 30 index were Reliance Communications up by 6.32 per cent to Rs 367.80 , Infosys up by 3.34 per cent to Rs 2,088.65, HDFC Bank was up by 3.11 per cent to Rs 988.70, BHEL was up by 2.90 per cent to Rs 2,395.00, HDFC was up by 2.90 per cent to Rs 2,395.00, Wipro was up by 2.17 per cent to Rs 557.50 , DR Reddy's lab was up by 2.03 per cent to Rs 725.10, TCS up by 2.02 per cent to Rs 1,104.75, ONGC up by 1.84 per cent to Rs 1,153.75 and Reliance Industries was up by 1.77 per cent to Rs 1,190.15.

Besides the losers are Tata Steel down by 1.01 per cent to Rs 511.30, Bajaj Auto down by 0.83 per cent to Rs 3,121.45, SBI down by 0.75 per cent to Rs 1.021.65, Cipla down by 0.38 per cent to Rs 260.60, L&T down by 0.36 per cent to Rs 1,267.30, Reliance Energy down by 0.28 per cent to Rs 462.40, and NTPC down by 0.27 per cent to Rs 130.05.

UNI

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