Sensex touches 19,000 mark, a first in 15 months
5 Oct 2012 12:27 AM GMT
The BSE benchmark sensex continued its upward march for the fourth consecutive day, rallying by over 188 points to close above 19K level for the first time after nearly 15-month on the back of fresh buying on hopes of further economic reforms from the government. Asian stocks ended narrowly mixed while European markets recovered their early losses and were traded just in positive terrain ahead of Bank of England's and the European Central Bank's interest rate decisions later in the day.
Index heavyweights like Icici Bank, ITC, HDFC Bank, HDFC, SBI, BHEL, Larsen and Reliance Industries shot up sharply on heavy buying enquiries, mainly supporting the sensex rise.
Persistent capital inflows also aided the market sentiment. Foreign institutional investors (FIIs) bought shares worth a net Rs 602.39 crore on Wednesday.
The BSE benchmark sensex resumed higher 18,939.75 and shot up further to a day’s high at 19,107.04 before ending the day at nearly 15-month high at 19,058.15, showing a net gain of 188.46 points or one per cent.
Index heavyweights like Icici Bank, ITC, HDFC Bank, HDFC, SBI, BHEL, Larsen and Reliance Industries shot up sharply on heavy buying enquiries, mainly supporting the sensex rise.
Persistent capital inflows also aided the market sentiment. Foreign institutional investors (FIIs) bought shares worth a net Rs 602.39 crore on Wednesday.
The BSE benchmark sensex resumed higher 18,939.75 and shot up further to a day’s high at 19,107.04 before ending the day at nearly 15-month high at 19,058.15, showing a net gain of 188.46 points or one per cent.
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