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| Thursday, May 04, 2006 |
| Sensex at an all time high |
The Sensex opened with a positive gap of 32 points at 12,344. Heavy buying mainly in Reliance Industries saw the index zoom to a new all-time intra-day high of 12,483 - up 172 points from the previous close.
The 30-share BSE Sensex ended with a gain of 36.91 points to settle at a lifetime closing high of 12,347.63.
The NSE Nifty rose 14.15 points at 3,648.40.
Reliance Industries (RIL) which was the only stock to push the index up, surged ahead but the stock came off its higher level for the day.
Oil scrips surged on reports that the government may hike oil prices in the third week of this month, once assembly elections are over next week. The news impacted auto scrips.
Reliance Industries jumped 4% at Rs 1,076.05. The stock hit a high of Rs 1,122, which is a lifetime peak for the scrip.
Gujarat Ambuja Cements (GACL) plunged nearly 6% at Rs 118.60.
Century Textiles moved down 6.31% at Rs 584.10 after the company announced the audited results for the quarter & year ended March 31, 2006.
Jet Airways moved ahead 0.7% at Rs 946.95 after the company has announced that the company and Lufthansa German Airlines have entered into a reciprocal frequent flyer agreement.
Tags: sensex|nifty|stock market news |
posted by Stock & Shares @ 5:20 AM  |
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