Sensex at a seven month high, crosses 12 k

MUMBAI: Owing to continuous buying in metal, IT and banking stocks, the Sensex crossed 12,000 mark on Monday. It has reach the seven month high. The Sensex opened up 232 points at 11,635 in early trade. Traders were catching up with global markets after a long weekend back home.

The Bombay Stock Exchange is now up 600 points at 12,005. National Stock Exchange’s Nifty was near its day’s high at 3628.30, up 154.35 points or 4.44%. The broader index touched a high of 3629.45 and low of 3478.70. Sterlite has zoomed 12% to Rs 458. Mahindra& Mahindra and Hindalco have surged over 9.5% each to Rs 533 and Rs 59, respectively. Tata Steel and HDFC have increased over 9% each to Rs 260 and 1,893, respectively. Wipro has added around 8% to Rs 357. Larsen & Toubro, Jaiprakash Associates, TCS and ITC have gained over 7% each to Rs 940, Rs 149, Rs 668 and Rs 203,respectively.

BSE Midcap Index was up 3.43% and BSE Smallcap Index moved 3.08% higher. Amongst the sectoral indices, BSE Metal Index was up 7.14%, BSE IT Index gained 5.78% and BSE Bankex moved 5.52% higher. BSE Healthcare Index was up 1.42%. The market breadth is extremely positive, out of 2,364 stocks traded, 1,630 have advanced and 669 have declined so far.