The Sensex at the Bombay Stock Exchange breached the 19,000-mark for the first time in nearly two-months, in early trade, today, on sustained foreign fund inflows. After opening 105 points, or 0.6 per cent higher, the Sensex gathered further momentum, to stand a hefty 250 points, or 1.3 per cent in the green, at 19,092 in afternoon deals, a short while ago. The Sensex rose on optimism that the government will be able to push through economic reforms, and after Goldman Sachs raised India to "overweight," from "market-weight," citing growth recovery and moderation in inflation going ahead. The Sensex had rallied over 336 points in the previous two trading sessions. Stock markets in Japan, Hong Kong, Taiwan, Singapore and South Korea had gained between 0.9 percent and 1.2 percent, on hopes of a deal to resolve the so-called fiscal cliff in the US.
News On AIR | November 29, 2012 1:40 PM
Sensex breaches 19,000-mark for first time in nearly two-months