Market Watch

Sensex regains 21,000 mark, Rupee fell as markets price for Fed policy

30 October 2013 - 10:49 AM

The BSE benchmark Sensex today regained psychological 21,000 level by surging over 100 points in early trade on heavy fund inflows in realty, banking and auto sectors amid a firming trend in the Asian region.

The 30-share index, which had gained 358.73 points in the previous session, shot up by 100.25 points, or 0.48 per cent, to trade above 21,000 level at 21,029.26.

The wide-based National Stock Exchange index Nifty rose by 30.00, or 0.48 per cent, to 6,250.90.

Brokers said sentiments buoyed on hopes of liquidity enhancement after the RBI cut the marginal standing facility rate to 8.75 per cent and a firming trend in the Asian region fuelled by expectations the US Federal Reserve will maintain its aggressive stimulus.

Major gainers are ICICI Bank, SBI, BHEL, RIL, Bharti Airtel, Bajaj Auto, Dr Reddy Laboratories, HDFC and TCS.

In the Asian region, Japan's Nikkei gained 1.22 per cent, while Hong Kong's Hang Seng was up by 0.70 per cent in early trade today.

The US Dow Jones Industrial Average rose 0.72 per cent to close at fresh all-time high in yesterday's trade.

Rupee fell to 61.51  by 19 paisa.