Sensex hits fresh 15-month high on second phase of reforms

Image
Press Trust of India Mumbai
Last Updated : Jan 25 2013 | 5:33 AM IST

The BSE benchmark index, which has gained over 488 points in the past four sessions, rose by 27.96 points, or 0.15 per cent, to 19,086.11 points.

The wide-based National Stock Exchange index Nifty, edged up by 5.35 points, or 0.09 per cent, to 5,793.05.

Brokers said continued by funds and retail investors after the government yesterday decided to open the pension sector to foreign investment and raising the FDI cap in insurance to 49 per cent from 26 per cent, undeterred by opposition to its decisions on FDI in retail and threats to block these legislations.

A firm trend in Asian markets too supported buoyed the sentiment, they added.

In Asian region, Japan's Nikkei was up by 0.42 per cent, while Hong Kong's Hang Seng gained 0.32 per cent in early trade today.

The US Dow Jones Industrial Average had ended 0.60 per cent higher in yesterday's trade.

  

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 05 2012 | 9:55 AM IST

Next Story