Mumbai: The Sensex on Thursday breached the 19,000-mark for the first time in nearly two-months 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 and further picked up the momentum to trade 192.13 points, or 1.02 percent, higher at 19,034.21, a level last seen on October 5 (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.

"Sustained foreign funds inflows on hopes that the government would be able to push through economic reforms in the Parliament, helped Sensex to breach 19k level", Delhi-based stock broker Manoj Choraria said.

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

On Thursday, Goldman Sachs upgraded Indian stocks to 'overweight' from 'market-weight', citing growth recovery and inflation moderation ahead. The investment bank pegged December 2013 Nifty target at 6,600 points.

Leading the gains were mortgage lender HDFC (HDFC.NS), up 2.4 percent; ICICI Bank  gains 1.4 percent while Tata Motors is up 3.17 percent.


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