Sensex, Nifty hit 19-month highs on growth hopes

The enthusiasm in the market that caught up on Wednesday sustained on Thursday as the two premier indices—Sensex at the BSE and Nifty at the NSE — rose further to close the day at 19-month highs.

The enthusiasm in the market that caught up on Wednesday sustained on Thursday as the two premier indices—Sensex at the Bombay Stock Exchange (BSE) and Nifty at the National Stock Exchange (NSE) — rose further to close the day at 19-month highs.

HT Image

The BSE benchmark Sensex closed the day at 17,360, a gain of 130 points, while the NSE Nifty rose 34 points to end
Thursday at 5,178.

The market seems to have got some direction and conviction on Wednesday, when the finance minister raised hopes on achieving a GDP growth rate of 8 per cent for 2009-10.

Among the sectoral indices, the auto index at the BSE was the major gainer, rising 1.5 per cent. Tata Motors was the biggest gainer among the Sensex list of 30 companies, gaining 4.4 per cent on Thursday.