Sensex above 19000 on reform hopes

Sensex above 19000 on reform hopes

By: || Updated: 03 Oct 2012 11:44 PM


Mumbai: The BSE
benchmark Sensex surpassed 19,000 level in early trade on Thursday by
rising over 200 points on sustained buying by participants as government
is expected to announce further economic reforms.

Rising for the
fourth session in a row, the 30-share barometer added 200.48 points, or
1.06 per cent, to trade at 19,070.17. The index has gained nearly 300
points in the previous three sessions.

The wide-based National
Stock Exchange index Nifty, shot up by 60.35 points, or 1.05 per cent, to
5,791.60.

Brokers said trading sentiment remained bullish on
continued buying by funds and retail investors on expectations that the
government will accelerate pace of economic reforms by raising FDI cap in
insurance sector.

Besides, a firm trend in the Asian region also
influenced sentiments, they said.

In Asian region, Hong Kong’s
Hang Seng up by 0.21 per cent, while the Japan’s Nikkei by 0.41 per cent
in early trade on Thursday.

The US Dow Jones Industrial Average
ended 0.09 per cent higher in Wednesday’s trade.





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