Thursday, May 12 2005 16:55 Hrs (IST) - World Time -

Mumbai: In range-bound trading, the Sensex today (May 12, 2005) rose further marginally by 11.69 points to close at 6456.82 on renewed buying at the stock exchange, Mumbai (BSE).

The BSE 30-share Sensitive Index opened marginally higher at 6442.86 as against 6445.13 yesterday (May 11, 2005). Thereafter, it rose sharply to an intra-day high of 6482.39, before closing at 6456.82, showing a gain of 0.18 per cent over the last close.

Shares in smallcap and midcap were in keen demand and rose sharply as the BSE-smallcap rallied by 67.08 points to 4155.44 and BSE-midcap by 31.84 points to 3198.36.

The market sentiment was boosted by firm global advices and fall in international crude oil prices, a broker said.

At the Wall Street, the Dow Jones Industrial Average gained by 19.14 points and Nasdaq Composite Index by 8.78 points. In the Asian market, Hang Seng firmed up by 28.48 points.

The world crude oil prices fell sharply to $ 49.87 per barrel in response to data showing that US crude inventories had reached the highest levels for three years, easing supply worries, he added.

Smart rise in select cement, auto, oil PSUs and consumer durable shares helped the index to close in the positive terrain.

However, the undertone was cautious as prices met with resistance at every rise, market analysts said.

Index-based shares such as Grasim, GACL, ACC, Bajaj Auto, Maruti, Tata Motors, HPCL, ONGC, Hindalco, Larsen, HDFC, Wipro, SBI, Ranbaxy, Tata Power and Zee Tele rose sharply.