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Sensex closes at one month high amidst hopes of RBI rate cut

IANS  Mumbai, April 22, 2013
First Published: 09:48 IST(22/4/2013) | Last Updated: 16:37 IST(22/4/2013)

The BSE benchmark Sensex advanced 80 points on Monday, on the back of good buying support in banking, consumer durables and capital goods stocks.

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Sensex, which opened in the negative at 18,989.78 points, was trading at 19,096.41 points in late morning session, up 0.42% or 79.95 points from its previous day close at 19,016.46 points and Nifty was trading 0.56% or 32.40 points up at 5,815.50  points.

There was good buying support in consumer durables, banking, capital goods and metal stocks.

The BSE consumer durables index was up 3.18%. The banking index was trading 1.80% higher, capital goods index was up 1.49% and metal index was up 1.23%.

Coal India jumped 4.06% at Rs.311.40. HDFC Bank, up 3.28% at Rs.696.80; L&T, up 2.11% at Rs.1503.85; Hero MotoCorp, up 1.75% at Rs.1,529.00; and Tata Steel, up 1.65% at Rs.304.90 were among the major Sensex gainers.

Wipro tumbled almost 10% on disappointing sales forecast. Wipro was trading 8.45% down at Rs.337.50 in late morning session.

Other major Sensex losers were: Mahindra & Mahindra, down 2.09% at Rs.883.65; Infosys, down 2.05% at Rs.2,248.40; ONGC, down 1.81% at Rs.328.50; and Dr Reddy's Lab, down 1.56% at Rs.1875.

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