Mumbai: The 30-share BSE index Sensex on Wednesday rose 169 points, recording gains for the seventh straight day. There were steady FII inflows and firm global cues as falling crude oil prices eased concerns of inflation.

The Bombay Stock Exchange benchmark Sensex, which has recorded handsome gains of 1,277 points over the last six sessions, jumped up further by 169.38 points to close the day at 19,290.18, best since January 12.

The broad-based National Stock Exchange index Nifty also added 51.30 points to 5,787.65, after crossing the crucial 5,800 level.

The gauge has recorded the longest winning streak since September, as oil prices fell further. The crude oil fell 0.6 per cent to 104.14 dollar a barrel in New York.

Besides, marketmen said there was speculation that the US economic recovery will boost earnings, which spurred gains in Asian equities as well.

Asian stocks rose, driving the regional benchmark index toward its highest level since March 11, as Japanese companies began resuming production that was disrupted by the earthquake and tsunami earlier this month.

Also, Chinese firms have reported earnings that beat estimates. Firm opening in European stock markets further bolstered the market sentiment.

(Agencies)