BSE Sensex ends at all-time closing high; SBI gains 4%

Mar 27 2014, 18:22 IST
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Among sectoral indices, BSE Bankex (1.13%), BSE Power (1.02%) and BSE Auto (1.03%) were the major gainers in BSE Sensex. Among sectoral indices, BSE Bankex (1.13%), BSE Power (1.02%) and BSE Auto (1.03%) were the major gainers in BSE Sensex.
SummaryThe 30-share Sensex touched all-time high of 22,307.74 intra-day.

Rs 4,210.86 crore yesterday.

Of 30 Sensex stocks, 20 ended higher, nine finished lower while Axis Bank ruled steady.

Asian markets ended mixed amid concerns that US President Barack Obama might step up pressure on Russia.

Key benchmark indices in Taiwan, Hong Kong, Japan firmed up by 0.48-1.01 per cent, while indices in China and Hong Kong eased by 0.24-0.83 per cent.

European markets were also trading narrowly mixed on concerns that the crisis in Ukraine may escalate. Key indices in UK and France eased by 0.05-0.34 per cent, while Germany's DAX was quoted slightly higher by 0.08 per cent.

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Indian shares continue to set records; state-run lenders, derivatives aid

(Reuters) Indian shares rose to record highs for a fourth straight session on Thursday, as state-run lenders including State Bank of India extended recent gains on broker upgrades and on hopes of some easing at the central bank's policy review on Tuesday.

Higher rollovers on an absolute basis coupled with high roll cost during the expiry of March derivative contracts also lent support and indicates market participants are bullish for the April series, dealers added.

Besides the central bank's policy review on April 1, where it is widely expected to keeps rates unchanged, investors say the forthcoming general elections would act as the next key catalyst for markets.

Overseas investors have helped underpin gains, with net purchases in shares reaching $2.75 billion so far this month, according to regulatory data.

"Profit-booking cannot be ruled out, but it remains a buy on dips due to flows and macro improvement," said Deven Choksey, managing director at K R Choksey Securities.

"Also, India's central bank may ease the rates a bit on April 1 in support of foreign investors."

The NSE index rose as much as 1.1 percent to an all-time high of 6,673.95, while the benchmark BSE index gained 0.96 percent to a lifetime high of 22,307.74.

The BSE index closed 0.54 percent higher, while the NSE index ended up 0.61 percent.

Shares in state-run banks gained after Goldman Sachs upgraded the stocks, saying neglected lenders are poised for a rally on emerging macroeconomic and

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