Sensex at seven month high, crosses 12K mark

Mumbai, May 4 (ANI): The Bombay Stock Exchange Benchmark Sensex crossed the 12,000 mark today for the first time since October.

At 10:34 a.m, the 30-share index, which had gained 401.50 points in the previous trading session, added another 521.93 points at 11,925.18.

BSE Midcap Index was up by 3.43 per cent and BSE Smallcap Index moved 3.08 percent higher.

Amongst the sectoral indices, BSE Metal Index was up by 7.14 per cent, BSE IT Index gained 5.78 per cent and BSE Bankex moved 5.52 per cent higher. BSE Healthcare Index also gained 1.42 per cent.

The rise in the index was attributed to brisk buying by funds in blue-chip shares in the early trade.

Likewise, the National Stock Exchange's Nifty went up by 148.50 points to touch a seven-month high of 3,622.45 points.

Biggest Sensex gainers were Sterlite Industries (11.72 percent), Mahindra and Mahindra (9.63 percent), HDFC (9.58 percent), Hindalco Industries (9.1 percent) and Tata Steel (8.84 percent).

There were no losers in the 30-share index.

Meanwhile, shares across the Asia-Pacific region were also on the rise.

Hong Kong's Hang Seng gained 4.68 per cent, Singapore's Straits Times rose by 4.59 per cent and China's Shanghai Composite rose by 3.28 per cent. (ANI)