Sensex closes at 13,844.78, surge by 148.17 points

Mumbai, Dec 1: The S&P CNX Nifty index of NSE today crossed the 4,000 mark in late trading, touching a new high of 4,001.30 and closed at a new peak of 3,997.60 with a handsome gain of 43.10 points on sustained buying in select scrips even as the Sensex surged by 148.17 points to close at a new record high of 13,844.78 on the Bombay Stock Exchange (BSE).

The Nifty index resumed high at 3,955.70 points. it came down at 3,953.95 points in intra day session. finally it closed at a new high at 3,997.60 points from its last close of 3954.50 points.

A smooth rollover from November contracts on Thursday to December series coupled with robust GDP growth data released during trading hours on Thursday provided support on a day when Asian markets traded mixed.

The BSE Sensex's provisional closing was 13,853.81, a gain of 157.50 points. The barometer index struck a new record of 13,857.81 at 15:01 hrs before it opened high at 13,729.67 points. Finally it closed a new high at 13,844.78 points with smart gain of 148.47 points from its last close of 13,696.31 points.

The BSE CG Index shot up sharply by 164.68 to close at 9,107.96 points while AUTO index also jumped up by 150.92 and was quoted at 5472.77 points followed by BANKEX index up by 110.17 and it touched t 2897.88 points, SML CAP index was up by 71.66 and quoted at 6718.74 points, PSU index was up by 59.11 and touched 6251.14 and OIL&GAS index was up by 52.10, touching 6130.28 points.

The BSE clocked a turnover of Rs 4,451 crore, brokers said.

Ranbaxy Laboratories surged nearly 4 per cent to Rs 385.60, with the stock rallying in late trading after the company announced the acquisition of Be-Tabs Pharmaceuticals, the fifth largest generics company in South Africa, for USD 70 million.

Auto shares dominated the proceedings on decent-to-strong sales numbers for November. Bajaj Auto rose 4 per cent to Rs 2,751 after its total sales rose 33 per cent in November 2006, to 2,43,713 units from a year ago. Bike sales rose 36 per cent to 2,14,321 units and sales of three-wheelers were up 71 per cent at 29,384 units. Exports rose 56 per cent to 36,086 units.

Hero Honda hiked nearly 2 per cent to Rs 757.35. The cmpany today launched two variants of its CD series motorcycles, CD Deluxe and CD Dawn, in the 100-cc, entry-level segment.

Tata Motors surged by 4 per cent to Rs 844.25, on expectations of strong sales for November 2006. Tata Motors is likely to disclose its monthly sales figures today.

Car major Maruti Udyog added nearly 3 per cent to Rs 952.60. In early-trade today, the car major reported selling 55,033 vehicles in November, a 16.1 per cent rise from a year earlier. The company said domestic sales rose an annual 20.7 per cent, to 52,574, but exports fell 35.7 per cent to 2,459 units.

PSU banks were in demand after the latest data showed lower-than- expected rise in inflation. SBI was jumped 4 per cent to Rs 1,369.90. The stock hit Rs 1,370, which is a record high for the scrip.

Cellular services provider Reliance Communications rose 3.7 per cent to Rs 445.25. The scrip struck Rs 446.90, an all-time high. A staggering 16.8 lakh shares changed hands in the counter on BSE.

Reliance Energy gained 2.2 per cent to Rs 540.05. As per reports, Maharashtra Electricity Regulation Commission has directed the company to discontinue levy of load management charges.

Reliance Industries gained 1.3 per cent to Rs 1,262.25. A strong 7.4 lakh shares changed hands in the counter, brokers added

UNI

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