BSE Sensex near 2-week closing high, Infosys, SBI shares soar

Nov 19 2013, 19:20 IST
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Happy investors check out BSE Sensex as it rises to a high. PTI Happy investors check out BSE Sensex as it rises to a high. PTI
SummaryBSE Sensex rose for a third consecutive session after a rally in debt markets boosted banks.

Jet Airways (India) Ltd gained 2.9 percent after Tail Winds Ltd, a private investment arm owned by the carrier's promoter and chairman Naresh Goyal, sold about 7.9 percent of its 75 percent holding in Jet for around 2.10 billion rupees ($33.6 million) on Monday.

Indiabulls Real Estate Ltd gained 3.1 percent on widespread market speculation that the company was considering a share buyback, according to traders.

However, among stocks that fell, state-run Power Grid Corp of India dropped 1.4 percent on share-supply fears ahead of its sale of shares. The share sale, valued at about $1.2 billion, is likely to open on Dec. 3.

FACTORS TO WATCH

* Dollar falls on Fed view, euro up before German ZEW

* Brent slips to near $108 ahead of Iran nuclear talks

* Investor caution halts share rally, dollar softens

* Foreign institutional investor flows

Sensex graphs November 19

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