An IIPM Initiative
Thursday, April 17, 2014
 
 

Sensex hits fresh 15-month high

 

AGENCIES | Mumbai, October 5, 2012 09:08
Tags : bse sensex | stock exchange | october 5 |
 

The 30-share Sensex touched fresh 15-month high Friday after the government unleashed a second wave of reforms on Thursday.

The  government has open the pension sector to foreign investment and raising FDI cap in insurance.
    
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 Thursday 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 Friday.
   
The US Dow Jones Industrial Average had ended 0.60 per cent higher in yesterday's trade.

Rate this article:
Bad Good    
Current Rating 0
 
 
Post CommentsPost Comments




Issue Dated: Apr 13, 2014