Sensex crosses 18,000 points on positive European cues (Roundup)

September 12th, 2012 - 8:30 pm ICT by IANS  

Sensex Mumbai, Sep 12 (IANS) A benchmark index of Indian equities markets crossed the 18,000-mark Wednesday on positive European cues. Metal, auto and capital goods stocks were the best performers.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,916.13 points, closed at 18,000.03 points, 147.08 points or 0.82 percent up from its previous day’s close at 17,852.95 points.

The Sensex touched a high of 18,012.89 and a low of 17,884.96 points in intra-day trade. The BSE midcap index was up 25.29 points while the smallcap index was 30.40 points high.

The wider 50-scrip S&P; CNX Nifty of the National Stock Exchange closed 0.76 percent up at 5,431 points.

The markets earlier shrugged off the July factory output data and gained traction as European markets went up after Germany’s Constitutional Court said the country can ratify the euro zone’s new rescue fund and budget pact as long as it can guarantee there will be no increase in German financial exposure to the bailout fund without parliament’s approval.

On the sectoral front, the BSE metal index was up 208.87 points while auto index was up 120.62 points and capital goods index was up 114.28 points.

Top Sensex gainers were Tata Motors, up 5.29 percent at Rs.262.80; Jindal Steel, up 3.79 percent at Rs.346.45; Coal India, up 2.91 percent at Rs.376.25; Larsen and Toubro, up 2.84 percent at Rs.1,408.50; and Tata Steel, up 2.68 percent at Rs.387.

The main losers included Cipla, down 2.73 percent at Rs.378.80; NTPC, down 2.18 percent at Rs.170.65; Gail India, down 1.66 percent at Rs.366.70; BHEL, down 1.64 percent at Rs.197.65; and Hero MotoCorp down 0.92 percent at Rs.1,785.75

Other Asian markets also closed in the green. Japan’s Nikkei closed 1.73 percent up, while Shanghai’s composite index closed 0.28 percent higher. Hong Kong’s Hang Seng closed 1.10 percent up.

At closing bell here, European markets were trading higher. France’s CAC was up 0.40 percent and so was Germany’s DAX, up 0.62 percent. Britain’s FTSE 100 was trading 0.02 percent higher.

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