Sensex closes at 19,058, up 188 pts
However, Cipla declined by 3.86 per cent, followed by M&M (1.24 pc), Bajaj Auto (1.05 pc), Hero MotoCorp (1.02 pc) and Coal India (0.92 pc).
"While the reform initiatives area welcome start, we believe that, more reforms on the core sector – land reforms, mining, fuel supply for power, etc – will make the recent rise in the markets sustainable," said Dipen Shah, Head of PCG (Private Client Group) Research from Kotak Securities.
Among sectoral indices, the BSE-Realty spurted by 4.94 per cent, followed by BSE- D (2.44 pc), Bankex (1.92 pc), BSE-CG (1.89 pc), BSE-Power (1.57 pc), BSE- Oil&Gas (1.05 pc) and BSE-FMCG (0.96 pc) while BSE-HC dropped by 0.92 per cent.
The total turnover was up at Rs 2,958.36 crore from Rs 2,597.43 crore yesterday.
Persistent capital inflows have aided the market sentiment. Foreign Institutional Investors (FIIs) bought shares worth a net Rs 602.39 crore yesterday, as per provisional figures on the stock exchanges.
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