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Sensex ends firm at 19,391.80, 19-month-high

Posted on Dec 05, 08:26PM | UNI

The 30 scrip Index of the Bombay Stock Exchange (BSE) ended firm today, rising by 43.74 points to 19,391.80, a 19-month-high, on renewed buying in Realty, Metal, Banking and Auto stocks amid positive trend in Asian Markets.

The Nifty of National Stock Exchange (NSE) moved up by 11.25 points to 5900.50.

The Sensex remained positive throughout the day, as it gained by 74 points in the opening trade. The index jumped by 115.13 points at the day's high of 19,463.25, before closing at 19,391.80 points from its last close.

Indian shares consolidated gains in afternoon trades on hopes of growth recovery in Asia's third-biggest economy, however, investors were cautious ahead of key FDI vote in Parliament later today that will test the Congress-led UPA government's ability to push through key reforms.

Key benchmark indices edged higher in volatile trade as world stocks rose after comments from China's new leaders that they would continue their supportive policy stance. Index heavyweight and cigarette maker ITC edged higher.

Index heavyweight Reliance Industries (RIL) rose after the company said its wholly owned subsidiary, Reliance Exploration and Production DMCC, has signed the completion documents for divestment of its 25 pc working interest in the Production Sharing Contract (PSC) for Yemen Block-9 with Medco Yemen Malik, a wholly owned subsidiary of PT Medco Energi Internasional Tbk of Indonesia.

Shares of organised retailers jumped, with Pantaloon Retail (India) and Shoppers Stop striking 52-week high and Trent hitting record high ahead of voting in Lok Sabha today.

Airline stocks gained on renewed buying, with SpiceJet hitting 52-week high.

IT pivotals fell on concerns that US-based Cognizant Technology may lower its revenue growth guidance for 2013 based on compensation targets for top executives. Bank pivotals edged higher.

The scrips including Tata Steel, SBI, Tata Motors and Reliance gave support in rise of the equity market further.

Key benchmark indices surged in early trade on firm Asian stocks.

On BSE, 1,727 shares gained and 1,266 shares fell. A total of 124 shares were unchanged.

From the 30-share Sensex pack, 17 stocks rose while the rest of them fell.

Asian markets rose today. The Shanghai Composite index advanced by 2.87 pc. Hong Kong's Hang Seng was up by 2.16 pc.

Key benchmark indices in Singapore, South Korea, Japan, Indonesia and Taiwan were up by 0.39 pc to 0.63 pc.