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.

political clarity.

State Bank of India rose 3.9 percent, Punjab National Bank ended higher 3.8 percent, and Bank of Baroda gained 2.4 percent.

Non-banking state-run infrastructure lender IDFC Ltd also rose 5.2 percent.

Other blue chips also rose: Reliance Industries gained 1.1 percent, while ITC ended 0.2 percent higher.

Airline shares gained after the central bank on Wednesday extended the deadline for raising working capital via external commercial borrowings by domestic airlines to March 2015 from December 2013.

Jet Airways (India) Ltd, the country's No.2 airline by domestic market share, gained 2.6 percent, while SpiceJet Ltd surged 3.5 percent.

Talwalkars Better Value Fitness Ltd surged as much as 12.8 percent to 182.40 rupees, its highest in more than 13 months, after the Economic Times daily reported UK health and fitness group The David Lloyd is looking to buy around 20 percent in the company, citing two people familiar with the matter.

The stock ended 8 percent higher after the company said in a clarification to exchanges that there have been no negotiations for sale of any equity. However, exporters continued to fall on fears of margin erosion as the rupee was holding around its eight-month high.

Among pharmaceutical exporters, Sun Pharmaceutical Industries Ltd fell 1.1 percent and Dr.Reddy's Laboratories Ltd lost 1.7 percent.

In software stocks, Infosys Ltd fell 0.55 percent and HCL Technologies Ltd ended 0.6 percent lower.

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