Sensex hits 3-month high ahead of RBI meet, rises 232 pts

	Dated:02 May,2013

Top Headlines Sensex hits 3-month high ahead of RBI meet, rises 232 pts Sensex jumped 232 points to close at 3-month high of 19,735.77 led by funds buying in bluechips on expectations of rate cut by the RBI tomorrow. Top seven stocks which hit their 52-week highs Sensex rallied over 200 pts, while Nifty managed to scale past its key level of 6000 led by gains in rate sensitive and IT stocks. Top four stocks in focus in rallying market Sensex has gained nearly 900 points since April, largely on the back of easing commodity prices, expectations of a rate cut and positive global cues. Views on Stocks/Markets Analysts stay positive on Bharti Airtel post Q4 results Subscribe to Unilever's open offer for HUL: IDFC Nomura 'overweight' on rate-cyclicals, defensives IPO/Global Markets Asian markets fall Europe markets ease Nikkei suffers losing streak Rupee / Gold Gold plunges by Rs 285 Rupee off 2-month highs Gold demand improves   Market Round-up SENSEX 19735.77 231.59 NIFTY 5999.35 69.15 S&P500 1,582.70 -14.87 NASDAQ 3,299.13 -29.66 USD/INR 53.4114 -.35 NSE Gainers Scrip Price(Rs.) %Change MVL Industries Ltd. 22.50 + 423.26 GTN Textiles Ltd. 17.00 + 211.93 Hydro S & S Industries Lt 42.20 + 162.11 Cura Technologies Ltd. 39.45 + 142.77 Transwarranty Finance Ltd 15.05 + 94.19 NSE Losers Scrip Price(Rs.) %Change SPL Industries Ltd. 2.65 -24.29 Uniply Industries Ltd. 5.50 -14.06 Navin Fluorine Internatio 209.60 -11.64 Khaitan Electricals Ltd. 68.45 -10.70 Micro Technologies (India 16.15 -9.78         More 'Market' News Stock mutual funds rise in April, gold ETFs struggle Diversified stock MFs outperformed the broader market marginally in April, with high exposure to financial services stocks supporting unit values. India can continue to outperform MSCI AXJ: C Suisse Credit Suisse argues says that the current price-to-book of 2.02 times is close to the last 3 troughs of 1.95 times. Surge in VIX keeps many wary ahead of RBI policy NSE's volatility index, or India VIX, added 10.7 per cent to 16.72, heading for a third straight session of gains.