MSSQL query to backup all databases on an external directory D:/Backup

MSSQL_BACKUP_QUERY

DECLARE @name VARCHAR(50) -- database name  
DECLARE @path VARCHAR(256) -- path for backup files  
DECLARE @fileName VARCHAR(256) -- filename for backup  
DECLARE @fileDate VARCHAR(20) -- used for file name
 
-- specify database backup directory
SET @path = 'D:\Backup\'  
 
-- specify filename format
SELECT @fileDate = CONVERT(VARCHAR(20),GETDATE(),112) 
 
DECLARE db_cursor CURSOR READ_ONLY FOR  
SELECT name 
FROM master.dbo.sysdatabases 
WHERE name NOT IN ('tempdb')  -- exclude these databases
 
OPEN db_cursor   
FETCH NEXT FROM db_cursor INTO @name   
 
WHILE @@FETCH_STATUS = 0   
BEGIN   
   SET @fileName = @path + @name + '_' + @fileDate + '.BAK'  
   BACKUP DATABASE @name TO DISK = @fileName  
 
   FETCH NEXT FROM db_cursor INTO @name   
END   

 
CLOSE db_cursor   
DEALLOCATE db_cursor