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Sensex kisses new peak at 19259.26

The Sensex gains 468.37 points to 19,249.26, surpassing previous level of 19,198.66 set on October 18.
PTI | By HT Correspondent, Mumbai
UPDATED ON OCT 26, 2007 02:50 PM IST

The benchmark index rose to a new intra-day high of 19259.26 at noon on the BSE on Friday on brisk buying by funds, after the stock regulator on Thursday dispelled confusion on P-notes and reiterated its position on easing front-door FII investments.

The Sensex gained 468.37 points to 19,249.26 at 1200 hours, surpassing previous level of 19,198.66 set on October 18.

The Securities and Exchange Board of India chairman M Damodaran on Thursday said pension funds, charitable institutions, foundations and university funds that aren't regulated overseas will be able to register in India.

Money managers with a one-year track record will be allowed to register funds that have been in operation for less than a year, the regulator had said.

The National Stock Exchange index, Nifty, also surged 92.45 points at 5661.40 as heavy-weights Reliance Industries, Larsen and Toubro and Tata Steel, SBI gained significant grounds.

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