Key benchmark indices surged mainly on hopes of lower US GDP numbers (1.8%) might delay the Fed’s plans to reduce asste purchase and partly due to the battered Indian rupee recovered against the dollar after the latest data showed that India's current account deficit (CAD) moderated sharply to 3.6% of GDP in Q4 of March 2013 from a historically high level of 6.7% of GDP in Q3 December 2012. The BSE Sensex, and the 50-unit CNX Nifty, both, hit one-week high. The Sensex was provisionally up 324 points or 1.7%, to close at 18876 and Nifty settled at 5682 up by 93 points. The market breadth, indicating the overall health of the market, was positive, the Advance- decline ratio at NSE stands at 682/569. In Nifty50, 39 stocks advance to 10 declines, 1 unchanged.
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