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Sensex crosses record 14k mark; closes at 13,937

Written by: Staff
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Mumbai, Dec 5: The Sensex today for the first time crossed the 14,000 mark on the Bombay Stock Exchange (BSE), touching an all-time high of 14,028 points at the opening session, but went down slightly to close at a record peak of 13,937.65 with a modest gain of 63.32 points on sustained buying support in select scrips from Foreign Institutional Investors (FIIs) and domestic investors.

Sensex extended its rally for the fifth straight day as buying continued. Metal and IT stocks were in demand.

The 30-share BSE Sensex settled 63.32 points higher at 13,937.65, a lifetime closing high. It came off the higher level after opening with an upward gap of 154.14 points at 14,028.47, which is also a record high. the Sensex touched an intra-day low of 13905.65.

The BSE METAL index also shot up by 180.24 points and closed at 9148.25 points, followed by CG metal index by 74.31 touching 9380.12. OIL&GAS index went up by 62.68 and closed at 6189.62 points and IT Index was higher by 51.44 and closed at 5187.88 points.

But, BSE BANKEX and AUTO indices crashed by 63.40 and 17.57 points respectively and touched a low at 7187.59 for BANKEX index and for AUTO index at 54.98.28 points.

The S&P CNX Nifty also settled at new closing high at 4015.35, up 14.35 points from its previous close. It had surged to an all time high of 4033.20.

The market breadth stayed positive with 1307 shares advancing on BSE as compared to 1263 that declined. 68 shares were unchanged.

The total turnover on BSE amounted to Rs 4743 crore as compared to Rs 4836 crore yesterday. Among the Sensex pack, 18 declined while the rest advanced.

The Nikkei average lost 37.83 points or 0.23 per cent to 16,265.76 while the Hang Seng advanced 241.46 points or 1.29 per cent to 18,944.19.

US stocks rose on Monday as a string of corporate takeovers and lower oil prices boosted optimism about the outlook for profits.

The Dow Jones industrial average rose 89.72 points, or 0.74 per cent, to 12,283.85. The Standard&Poor's 500 Index gained 12.41 points, or 0.89 per cent, to 1,409.12.

The Nasdaq Composite Index added 35.18 points, or 1.46 per cent, to 2,448.39. The S&P 500 soared to a six-year high during the session, while the Nasdaq recorded its biggest one-day percentage gain in nearly a month, snapping a two-session losing streak.

Tata Steel was the top gainer, up by 5.60 per cent to Rs 494.25 on 16.75 lakh shares. It moved in a range of Rs 470.65- 494.90. The company said it had signed an agreement with Nippon Yasen Kabushiki Kaisha to form a 50:50 shipping joint venture. Index heavyweight Reliance Industries (RIL) rose 1.50 per cent to Rs 1279 on 9 lakh shares. The stock had opened with huge upward gap at Rs 1350, which is also its 52-week high.

Reliance Communications (up 3.67 per cent to Rs 459.10), L&T (up 2.61 per cent to Rs 1459.10) and Infosys (up 1.39 per cent to Rs 2236) were the other gainers.

Gujarat Ambuja was the top loser, down by 1.66 per cent to Rs 142 on 13.08 lakh shares. Its November 2006 cement despatches increased 9 per cent to 1.31 million tonnes. The stock had hit a intra-day high of Rs 147.45.

HDFC (down 1.48 per cent to Rs 1600), Grasim (down 1.45 per cent to Rs 2745) and HDFC Bank (down 1.41 per cent to Rs 1085) were the other losers.

UNI

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BSE Sensex touches historic 14,000 mark

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