Mumbai: Snapping its three-session losing streak, the BSE benchmark Sensex on Friday rose by over 195 points to trade above the 19,000 level in morning trade on buying by funds and retailers, after Finance Minister P Chidambaram announced that more economic reforms are on the anvil.
Besides, a firming trend in the Asian region influenced the trading sentiment. The 30-share barometer rose by 195.52 points, or 1.04 percent, to 19,022.68 with stocks of realty, consumer durables, metal, capital goods, banking and sectors leading recovery. The index had lost 613.91 points in the previous three sessions.
Similarly, the wide-based National Stock Exchange index, Nifty moved up by 58.15 points, or 1.02 percent, to 5,757.25. Brokers said the sentiment turned better on revival of buying by funds and retail investors after the Finance Minister signalled more reforms to boost economic growth.
Further, a firming trend in the Asian region following overnight gains at the US market on the back of upbeat economic data, too, influenced the sentiment, they said.
Meanwhile in Asia, Japan's Nikkei was up by 2.59 percent, while Hong Kong's Hang Seng gained 0.99 percent in morning trade. The US Dow Jones Industrial Average ended 1.21 percent higher on Tuesday.


Latest News from Business News Desk