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Autos, global cues buoy markets

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SI Reporter Mumbai
Last Updated : Mar 05 2013 | 8:41 PM IST

The Sensex gained in morning trades following the Budget on Monday. Global cues and gains in select indices helped to buoy the markets. The BSE benchmark index was up 336 points at 18159.

Nifty was up 105 points at 5,437.

Asian markets were mostly in green. The Nikkei jumped 1% to 10,731. Straits Times and Taiwan Weighted added 1.5% each to 3,058 and 8,727, respectively. Meanwhile, Seoul Composite dropped 1.2% to 1,939.

April January Trade data has just been released. Exports were up 32.4%. Impots increased 17.6% at $273.6 bn.

BSE mid-cap index gained 1.7% to 6,484. BSE small-cap index was up 1.2% at 7,915.

All the sectoral indices wree in green, led by auto, bankex, capital goods and realty.

Mahindra & Mahindra jumped 5.3% to Rs 647. Bajaj Auto, Tata Motors and Maruti Suzuki surged 3-4% each.

HDFC Bank, Jaiprakash Associates, NTPC, ICICI Bank and BHEL were up 2.5% each.

Other big gainers included Larsen & Toubro, Hindalco, DLF and HDFC.

Meanwhile, Bharti Airtel, TCS and Wipro remained in red - down around 1% each.

BSE market breadth was positive. Out of 2537 stocks traded, 1,713 advanced while 734 declined.

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First Published: Mar 01 2011 | 11:39 AM IST

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