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Sensex Crosses 19,000-Mark on Hopes of Further Reforms

Wednesday, October 3, 2012
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Bangalore: The BSE benchmark Sensex surpassed 19,000 level in early trade on October 4 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 percent, 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 percent, 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 percent, while the Japan’s Nikkei by 0.41 percent in early trade on October 4.

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


Source: PTI
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