The Hindu Business Line : Cement, bank stocks take Sensex past 12K-mark

Riding on cement and bank stocks, the BSE Sensex breached the 12,000-mark intra-day at 12,003.68 points before winding down to close the day at 11,973.02. This is first time since the May fever that the Sensex has managed to edge past the "scary barrier of 12,000 points'', according to dealers.

The Sensex was up 79.23 points to end the day 0.67 per cent over the previous close.

The NSE's S&P CNX Nifty index ended at 3,471.80 points, up by 17.05 points or 0.49 per cent.

"There was good momentum in the market and trade volumes were decent. But as it neared the 12,000-mark, the market witnessed heavy selling. We expect marginal profit-booking tomorrow," said Mr Dhanesh Padhya, Vice-President - Institutional Equities, Mittal Securities Pvt Ltd.

All sectoral indices, except BSE CD (Consumer Durables), ended the day on a positive note. The BSE Bankex moved up 88.22 points (or 1.59 per cent) to close at 5635.97, while the Metals index logged 8,314.41 points, up by 1.04 per cent.

The BSE CD ended in the red at 3,083.88 points, down by 27.60 points or 0.89 per cent.

"Cement and banking stocks fared well on the bourses on Thursday. The Reliance stock appeared a bit bullish. At such levels, we expect the market to breach the 14,000-mark by the end of this year. The sectors to watch out would be heavy engineering, FMCG and IT,'' said a stockbroker.

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