Sensex opens above 13,000 mark

Mumbai, Mar 1 (UNI) After yesterday's post budget, the BSE Sensex today resumed higher at 13,013.74 against the previous day's close of 12,938.09 on fresh speculative demand from Foreign Institutional Investors(FIIs) and mutual funds.

The market opened firm, as bargain-hunting lifted battered index pivotals. Later, the BSE Sensex was up 122.65 points, at 13,056.27.

It had opened higher, at 13,013.74 and also surged to a high of 13,080.37 during the mid-morning session.

Satyam Computers was the top gainer, up 4.2 per cent to Rs 429.10, on a volume of 1.21 lakh shares.

Maruti Udyog (up 3.25 per cent to Rs 867), Wipro (up 2.88 per cent to Rs 577), and L&T (up 2.45 per cent to Rs 1523.90) were the other gainers.

Index heavyweight Reliance Industries (RIL) was up 0.53 per cent to Rs 1361.75, on a volume of 1.76 lakh shares.

ONGC was the top loser, down 1.53 per cent, to Rs 776.

Indian Bank was trading at Rs 90.80 on NSE in early trade, a discount over the IPO price of Rs 91. The stock debuted at Rs 93.90, which is also its high so far. The Indian Bank scrip also fell to a low of Rs 75. A strong 68.2 lakh shares changed hands in the counter on NSE. Indian Bank had priced its IPO at Rs 91, the upper end of the Rs 77 - Rs 91 price band. The issue had received strong investor response, and had been subscribed over 30 times. The face value per share is Rs 10 and the equity capital is Rs 429.77 crore, brokers added.

UNI