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Sensex vaults 472 points

MUMBAI: Stock markets registered gains for the fifth day in a row on Friday with the Sensex surging to close at a new peak of 19243.17 after market regulator Securities and Exchange Board of India allowed more overseas investors to enter the bourses.

The 30-share Sensex gained 472 points, led by bluechips such as Larsen & Toubro, State Bank of India and State-run BHEL. L&T rose 12 per cent to Rs. 3,876.90, while BHEL gained 6.2 per cent to Rs. 2,431.75.

State Bank of India added 7 per cent to Rs. 2,083.95.

Market regulator SEBI’s new regulations on capital inflows have failed to impact the rupee movement immediately as the rupee ended stronger at 39.4450/4550 on Friday against dollar against 39.53/54 on Thursday in the absence of any worthwhile dollar demand.

In fairly active trading at the interbank foreign exchange market, the rupee fluctuated in a range of 39.43 and 39.63 after resuming weak at 39.60/62 a dollar. — PTI

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