Mumbai: The stock markets maintained their upward march today with the benchmark BSE Sensex gaining 70 points to close well above 13,000-level as funds made higher purchases in heavyweight metals, auto and technology stocks.
The 30-share index, Sensex, which recorded a gain of over 95 points in yesterday’s trading, notched up another 92.44 points, or 0.71% to close at 13,072.10. It moved between 13,111.87 and 12,984.13 during the session.
In similar fashion, the wide-based National Stock Exchange’s index Nifty also advanced by 23.45 points, or 0.62% at 3,821.55.
All the 11 key segment indices ended in the positive zone with sizeable to moderate gains.
Market observers said besides the beginning of April contract in derivative segment (future and options), expectations of strong fourth-quarter earnings from corporate majors buoyed trading sentiments.
Stocks of Tata Motors, country’s largest automobile firm, shot up by Rs12.65, or 1.77% to close at Rs727.75 after reports the company would set up another plant to meet rising demand.
Other auto stocks which found support were Maruti Udyog, Bajaj Auto and Mahindra and Mahindra on expectations of strong sales for the month of March.