BSE Sensex closes above 13,000 mark
Mumbai,
Apr
9:
The
Sensex
today
breached
the
psychological
13,000
mark
and
gained
an
impressive
321.66
points
on
the
Bombay
Stock
Exchange
to
settle
at
13,177.74
points
on
renewed
buying
in
blue-chips,
coupled
with
short
covering
in
derivatives,
buoyed
by
northward-bound
Asian
and
global
markets.
Among
the
broader
markets,
the
50-stock
Nifty
Index
also
gained
91.50
points,
to
settle
in
the
green
at
3843.50
from
its
previous
close
of
3752.00
points.
''The
market
sentiment
was
lifted
by
firm
global
markets
and
a
strong
US
jobs
data
released
last
week
that
showed
that
corporate
chieftains
were
bullish
on
business
prospects
for
the
current
financial
year,
rising
interest
rates
notwithstanding,''
market
analysts
observed.
The
BSE
Sensex
also
recorded
its
biggest
rise
in
a
single
trading
session
since
Mar
22
this
year,
when
the
barometer
index
had
risen
by
380.36
points,
in
intra-day
trade.
The
market
breath
was
strong
as
against
1,916
scrips
rising,
632
declined.
Just
62
stocks
were
unchanged.
Gainers
outpaced
losers
by
a
ratio
of
3:1
and
BSE
clocked
a
turnover
of
Rs
3075
crore
Asian
stocks
rose
today,
with
key
indices
in
South
Korea
and
Singapore
hitting
record
highs,
as
a
positive
US
jobs
data
buoyed
exporters
such
as
Sony,
sparking
hopes
of
increased
sales
to
their
biggest
overseas
market.
Key
benchmark
indices
in
China,
Japan,
South
Korea,
Singapore
and
Taiwan
were
up
between
0.65
to
2.2
per
cent.
The
Nikkei
stock
average
ended
1.48
per
cent
higher,
its
highest
closing
in
nearly
six
weeks.
US
stocks
ended
higher
last
week,
lifted
by
a
proposed
USD
4.5
billion
offer
for
DaimlerChrysler's
Chrysler
Group
by
billionaire
Kirk
Kerkorian.
The
Dow
Jones
industrial
average
and
the
Nasdaq
Composite
Index
rose
0.2
per
cent
and
0.5
per
cent,
respectively.
Bank
of
Japan
(BoJ)
started
a
two-day
policy
meeting
today
and
is
expected
to
keep
the
overnight
call
rate
unchanged
at
0.5
per
cent.
Investors
will
look
for
clues
about
the
BoJ's
view
on
prices,
as
well
as
the
health
of
the
economy,
in
comments
from
BoJ
Governor
Toshihiko
Fukui
at
a
post-meeting
news
conference
tomorrow.
Meanwhile,
oil
prices
extended
losses
to
trade
under
USD
64
a
barrel
after
15
British
military
personnel,
freed
by
Iran
arrived
home,
resolving
a
standoff
and
easing
immediate
fears
of
supply
disruptions
from
the
Middle
East.
Banking
shares
edged
higher
under
the
reckoning
that
an
increase
in
lending
rates
will
protect
their
profit
margins.
SBI
gained
4.4
per
cent
to
Rs
989.85,
on
raising
the
benchmark
prime
lending
rate
by
50
basis
points
to
12.75
per
cent
per
annum
with
effect
from
today.
The
hike
is
in
response
to
the
RBI
raising
the
repo
rate
and
cash
reserve
ratio
(CRR)
on
March
30
this
year.
UTI
Bank
jumped
10.7
per
cent
to
Rs
500
and
HDFC
Bank
rose
3.2
per
cent
to
Rs
974.
Tata
Steel
gained
nearly
7
per
cent
to
Rs
496.85
and
Steel
Authority
of
India
advanced
3.5
per
cent
to
Rs
118.75.
Maruti
Udyog
(MUL)
jumped
5
per
cent
to
Rs
794.
Cigarette
major
ITC
gained
5
per
cent
to
Rs
155.55,
and
FMCG
giant
Hindustan
Lever
gained
2
per
cent
to
Rs
204.
Reliance
Communications
advanced
4.6
per
cent
to
Rs
415.75,
after
adding
1.2
million
new
wireless
subscribers
last
month.
Grasim
gained
3.7
per
cent
to
Rs
2191.90,
ACC
rose
2.4
per
cent
to
Rs
739.90
and
Gujarat
Ambuja
Cements
gained
2.4
per
cent
to
Rs
108.50.
UNI