Sensex continues to trade above 19k level
Mumbai: The BSE benchmark Sensex on Tuesday continued to trade above 19,000 level in the late morning due to persistent buying mainly in Realty, IT, Refinery, Auto and Banking sectors after Finance Minister P. Chidambaram said that the government will soon announce more measures to boost economic growth coupled with higher global cues.
The BSE benchmark sensex resumed higher at 18,943.62 and shot up further to 19,035.60 before quoting at 19,000.10 at 1030hrs, showing a net gain of 122.14 points or 0.65 percent from its last close.
The NSE 50-share Nifty also firmed up by 34.65 points or 0.61 percent to 5,733.15 at 1030hrs.
Major gainers were Tata Motors (2.71 percent), Icici Bank (2.15 percent), Maruti Suzuki (1.86 percent), Reliance Ind (1.85 percent), Wipro (1.32 percent) and TCS (1.31 percent).
Asian stocks climbed in the early trade amid speculation central bankers around the world will continue stimulus measures and as China maintained its economic-growth target for 2013.
Key benchmark indices in China, Hong Kong, Japan, Singapore, Taiwan and South Korea rose by 0.32 percent to 1.1 percent.
US stocks rose on Monday as speculation the Federal Reserve will continue stimulus measures overshadowed concern over spending cuts and China's economy.