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Sensex rebounces to 19k level

Shedding its inhibitions on Sebi's move on Participatory Notes , the benchmark Sensex once again shot up to 19,000 level in 45 minutes of trading at the BSE.

business Updated: Oct 26, 2007 11:19 IST

Shedding its inhibitions on Sebi's move on Participatory Notes , the benchmark Sensex once again shot up to 19,000 level in 45 minutes of trading at the Bombay Stock Exchange.

The resurgence was accounted for by the buying spree of foreign and domestic funds in capital goods and metal segments.

The 30-share index, Sensex, gained 276.23 points to climb over 19,047.12, a record peak set on October 14, as funds continue to buy in Indian bourses, the second best performer in Asia.

Similarly, the National stock Exchange index also surged to reach it record level by gaining 92.45 points at 5661.40.

The market regulator Sebi yesterday announced new rules for FIIs, according to which there would be no fresh issuance of P-Notes in derivatives while the existing would have to be winded up in 18 months. The rules come into effect from Friday.

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