Mumbai:  Rising for the fifth straight day, the 30-share Sensex touched fresh 15-month high after the government unleashed a second wave of reforms on Friday deciding to 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 percent, to 19,086.11 points.

The wide-based National Stock Exchange index Nifty, edged up by 5.35 points, or 0.09 percent, 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 percent from 26 percent, 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 percent, while Hong Kong's Hang Seng gained 0.32 percent in early trade on Friday.

The US Dow Jones Industrial Average had ended 0.60 percent higher in Thursday's trade.

(Agencies)

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