The Hindu : Business : Sensex crosses 12600-mark

Online edition of India's National Newspaper
Thursday, May 11, 2006

Business

Business

Sensex crosses 12600-mark

MUMBAI: Led by banking and metals counters, shares on Wednesday made a handsome rally, pushing the Bombay Stock Exchange sensitive index (Sensex) sharply up by 98.52 points to close at a new peak of 12,612.38 on persistent buying by foreign funds and well supported by domestic players.

The 30-share index started the day on a firm note at 12,546.93 and spurted to a new intra-day high of 12,624.37. Thereafter, it moved down marginally and closed at 12,612.38.

On the National Stock Exchange, the S&P CNX Nifty rose by 33.70 points to close at a new high of 3754.25. Among bank shares, State Bank of India was the star performer and shot up by Rs. 26.20 to Rs. 1,001.25 on heavy buying.

Foreign institutional investors continued to buy heavily especially in banking and metal shares and made a net buying of Rs. 366.40 crore on May 8 taking the total to Rs. 2,992.90 crore during the month.

Meanwhile, 86 new FIIs have registered with the SEBI during the first four months of the calendar year 2006 bringing the total number of FIIs in the country to more than 900, they said. — PTI

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