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Sensex breaches 18,900-level on funds buying

Last Updated: Wednesday, October 3, 2012 - 12:28

Zeebiz Bureau

Mumbai: The BSE benchmark Sensex gained over 51 points in mid-session trade Wednesday on sustained buying by funds and retailers on expectations of more policy reforms by the government amid a firming trend in Asian region.

The 30-share barometer added 51.16 points, or 0.27 percent, to 18,875.07 with stocks of healthcare, PSU, IT and power sectors leading the rise. In early trade the Sensex breached the 18,900-level.

The index has gained nearly 245 points in the previous two trading sessions. The markets were closed yesterday on account of 'Gandhi Jayanti'.

The wide-based National Stock Exchange index Nifty moved up by 17.70 points, or 0.31 percent, to 5,736.50.

Trading sentiment remained bullish on continued buying by funds and retail investors, anticipating announcement of more economic reforms by the government, market experts said.

A firming trend in Asia also triggered buying activity, they said.

In Asian region, Hong Kong's Hang Seng rose by 0.67 percent, while the Japan's Nikkei by 0.10 percent in early trade today.

The US Dow Jones Industrial Average, however, had ended 0.24 percent lower in yesterday's trade.

With PTI Inputs

First Published: Wednesday, October 3, 2012 - 09:56
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