APN News

  • Sunday, May, 2024| Today's Market | Current Time: 05:40:50
  • The Sensex has breached the 19,000-mark for the first time in nearly two-Sensexmonths in early trade on persistent fund inflows on expectations that the government will be able to push through economic reforms.

    The 30-share barometer opened on a positive note on Thursday and further picked up the momentum to trade 192.13 points, or 1.02 per cent, higher at 19,034.21, a level last seen on 5th October (intra-day) this year.

    Stocks of consumer durables, FMCG, realty and auto sectors were in keen demand, helping Sensex to regain the 19,000 level.

    The BSE benchmark Sensex has rallied over 336 points in the previous two sessions, after credit rating agency Moody’s said that India’s outlook is stable.

    Brokers said investors were optimistic that the government will be able to push through economic reforms including Foreign Direct Investment (FDI) in retail.

    The 50-share NSE Nifty followed suit and shot up by a whopping 50.40 points, or 0.88 per cent, to trade at 5,777.85.

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