Arab Today, arab today sensex breaches 19kmark on reforms
Last Updated : GMT 21:10:43
Arab Today, arab today
Arab Today, arab today

Sensex breaches 19K-mark on reforms

Arab Today, arab today

Arab Today, arab today Sensex breaches 19K-mark on reforms

Mumbai - Arabstoday

The Sensex on Thursday breached the 19,000-mark (19K-mark) for the first time in 15 months as it rose 188 points ahead of the Cabinet meeting that is likely to consider big-ticket reforms like opening the pension sector to foreign investment and raising FDI cap in the insurance sector. After resuming 30 points lower compared to on Wednesday, the BSE benchmark index hit 19,107.04, its highest since July 2011, around mid-session as investors poured funds across stocks in realty, consumer goods, banks, capital goods and power shares in anticipation of fresh reforms, said brokers. Rising for the fourth straight day, the 30-share Sensex closed at 19,058.15, up 188.46 points or 1 per cent, as 20 stocks led by Bhel (6.57 per cent), ICICI Bank (2.93 per cent), Dr Reddy (2.16 per cent) and SBI (2.15 per cent) ended higher. Sensex has gained 480 points in the last four days. Smart gains logged by ITC, HDFC Bank, L&T and TCS counters also helped the index sustain above the 19K mark on Thursday. The 50-share NSE Nifty after breaching 5,800-level, ended at 17-month high levels of 5,787.60 - up 56.35 points. In the overall market, over 1,700 stocks rose while 1,244 scrips declined. Total investor wealth rose by Rs 48,000 crore to Rs 66.71 lakh crore, shows BSE data. European stocks see-sawed in their early trading and were quoting slightly better in the afternoon trade with investors waiting for the Bank of England’s and the European Central Bank’s interest-rate decisions later in the day. Key benchmark indices in UK, France and Germany were up between 0.15 pct and 0.28 pct. Indication of higher opening in US index futures also boosted the market sentiment. Kishor P. Ostwal, CMD, CNI Research Ltd. said,” As expected, Nifty climbed but finding resistance at 5800 level. It closed at 5788. I expect the party will not sustain for long as nothing constructive is coming out from reforms process. At the same time the valuations have reached as if our GDP growth is 7.5 pct hence the momentum may get converted into distribution on results.” RUPEE SURGES The Indian rupee continued its north-bound journey for the fifth session in a row, breaching 52-mark for the first time after 5-1/2-month to settle at 51.74 against the Greenback on sustained rally in local stocks amid increased capital inflows. Persistent dollar selling by exporters and some banks amid weak dollar overseas too boosted the rupee sentiment. The rupee opened higher at 52.00 a dollar against last close of 52.16 at the Interbank Foreign Exchange (Forex) market on Thursday and immediately touched the day’s low of 52.10. From gulftoday

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sensex breaches 19kmark on reforms Arab Today, arab today sensex breaches 19kmark on reforms

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sensex breaches 19kmark on reforms Arab Today, arab today sensex breaches 19kmark on reforms

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday