Sensex shoots up to 12,043

Mumbai, April 29 | Updated: Apr 30 2006, 06:38am hrs
It was a Saturday with a difference on the markets, as the equity bourses were kept open for trading to check the readiness of the back-up facilities. Heavyweights from sectors like cement, banks, metal and auto pulled the indices up.

The 30-share Sensex of the Bombay Stock Exchange (BSE) gained 190.63 points to close above the 12,000-mark at 12,042.56. The broader S&P CNX Nifty of the National Stock Exchange (NSE) settled the day at 3,557.60, up a further 49.25 points.

According to dealers, a rise was expected, as the previous day was witness to a lot of panic as ambiguity over Sebi order led to investors off-loading their stake in many counters. This, in turn, acted as a good buying opportunity for investors who were sitting on the fence waiting for some amount of correction to enter the markets.

The positive market breadth further corroborated the strong sentiment. On BSE, a total of 1,885 stocks gained ground, as against only 498 losers. All the sectoral indices ended the day in the black.

The turnover, as expected, was lower on BSE and NSE at Rs 1, 675.54 crore and Rs 4,079.38 crore, respectively. On account of Saturday, institutional participants were absent from the scene.