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Sensex closes 147 pts up at 12,321

BSE index touches about four month high figure on back of rally in IT, Auto, Banking and consumer durables sector.

india Updated: Sep 29, 2006 18:34 IST

The Bombay Stock Exchange Sensitive Index (Sensex) led by a late rally in IT, Auto, Banking and consumer Durables sector touched the four and half month high figure of 12,331.45 in intra-day trade to finally close 147 points up, at 12, 321.19.

In a late surge investors primarily picked up banking, Metals and the Auto sector for buying, as the RBI governor affirmed his satisfaction over the progress in implementing Basel II norms, whereas the metals edged higher on stable price of metals at the London Metals Exchange. Short covering on account of the Sept derivatives contracts coming to an end on Sept 28 is another factor that contributed to the surge.

Amongst the sectoral indices on the BSE, Auto increased by 1.29 per cent, Banks increased by 1.94 per cent, Consumer Durables by 1.22 and the Metals by 0.47 per cent.

BSE also clocked a turnover of Rs 3,478 crores on Friday, whereas, despite gains, breadth in the broader market marginally turned negative in favour of 1,253 declines and 1,230 advances out of 2,593 scrips that traded the BSE counters on Friday, 110 scrips remained unchanged.

Major gainers on theBSE-30 index were SBI up by 2.84 per cent to Rs 998.80, ICICI bank up by 2.70 per cent to Rs 678.00, Wipro was up by 2.34 per cent to Rs 526.40, HLL up by 2.33 per cent to Rs 258.65, BHEL up by 2.21 per cent to Rs 2377.05, Maruti Udyog up by 2.13 per cent to Rs 946.10, HDFC up by 2.04 per cent to Rs 1419.80, Hero Honda up by 2.01 per cent to Rs 787.80, TCS up by 1.81 per cent to Rs 1,043.80 and Reliance Communications up by 1.32 per cent to Rs 346.10.

Besides the losers on the index was ITC down by 0.

First Published: Sep 29, 2006 17:30 IST