Sensex cross 19,000 amid hopes of further reforms

Mumbai: The BSE benchmark Sensex surpassed 19,000 level in early trade on Thursday by rising over 200 points on sustained buying by participants as government is expected to announce further economic reforms.

Brokers said trading sentiment remained bullish on continued buying by funds and retail investors on expectations that the government will accelerate pace of economic reforms by raising FDI cap in insurance sector.

Besides, a firm trend in the Asian region also influenced sentiments, they said.

In Asian region, Hong Kong’s Hang Seng up by 0.21 percent, while the Japan’s Nikkei by 0.41 percent in early trade today.

The US Dow Jones Industrial Average ended 0.09 percent higher in yesterday’s trade.