The BSE benchmark sensex continuedits upward march for the fourth consecutive day, rallying byover 188 points to close above 19K level for the first timeafter nearly 15-month on the back of fresh buying on hopes offurther economic reforms from the government.
Asian stocks ended narrowly mixed while European marketsrecovered their early losses and were traded just in positiveterrain ahead of Bank of England's and the European CentralBank'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 onheavy buying enquiries, mainly supporting the sensex rise.
In another round of big-ticket reforms, the Union Cabinetwill consider today raising the FDI cap in insurance sector to49 pct and opening the pension sector to foreign investorsbesides creation of a National Investment Board.
Persistent capital inflows also aided the marketsentiment. Foreign institutional investors (FIIs) boughtshares worth a net Rs 602.39 crore yesterday, as perprovisional figures on the stock exchanges.
The BSE benchmark sensex resumed higher 18,939.75 andshot up further to a day's high at 19,107.04 before endingthe day at nearly 15-month high at 19,058.15, showing a netgain of 188.46 points or one per cent. The sensex had lastended at 19,078.30 on July 7, 2011.
The NSE 50-share Nifty also rose by 56.35 points or 0.98per cent to end at more than 17-month high at 5,787.60. It hadlast settled at 5,833.90 on April 27, 2011.
Asian stocks ended higher after better than expected USeconomic data released yesterday. Key benchmark indices inSingapore, Hong Kong and Japan rose by between 0.09 pct to0.89 pct while indices in South Korea and Taiwan shed bybetween 0.03 pct to 0.17 pct.
The BSE benchmark sensex continuedits upward march for the fourth consecutive day, rallying byover 188 points to close above 19K level for the first timeafter nearly 15-month on the back of fresh buying on hopes offurther economic reforms from the government.
Asian stocks ended narrowly mixed while European marketsrecovered their early losses and were traded just in positiveterrain ahead of Bank of England's and the European CentralBank'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 onheavy buying enquiries, mainly supporting the sensex rise.
In another round of big-ticket reforms, the Union Cabinetwill consider today raising the FDI cap in insurance sector to49 pct and opening the pension sector to foreign investorsbesides creation of a National Investment Board.
Persistent capital inflows also aided the marketsentiment. Foreign institutional investors (FIIs) boughtshares worth a net Rs 602.39 crore yesterday, as perprovisional figures on the stock exchanges.
The BSE benchmark sensex resumed higher 18,939.75 andshot up further to a day's high at 19,107.04 before endingthe day at nearly 15-month high at 19,058.15, showing a netgain of 188.46 points or one per cent. The sensex had lastended at 19,078.30 on July 7, 2011.
The NSE 50-share Nifty also rose by 56.35 points or 0.98per cent to end at more than 17-month high at 5,787.60. It hadlast settled at 5,833.90 on April 27, 2011.
Asian stocks ended higher after better than expected USeconomic data released yesterday. Key benchmark indices inSingapore, Hong Kong and Japan rose by between 0.09 pct to0.89 pct while indices in South Korea and Taiwan shed bybetween 0.03 pct to 0.17 pct. .