Millennium Post

Sensex breaches 19k mark after three weeks, up 290 pts

The benchmark S&P BSE Sensex on Friday extended gains for the third session in a row, surging 290 points to close above the 19,000 level for the first time in three weeks as the rupee continued to strengthen.

Banking shares, led by ICICI Bank, remained the favourites following announcements by new Reserve Bank of India Governor Raghuram Rajan on Wednesday. ONGC was the other top gainer on the index, which rose for the second week.

Renewed buying by foreign institutional investors boosted sentiment. They bought a net Rs 1,101.41 crore of shares on Thursday, as per provisional stock exchange data.
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