MUMBAI, July 17 (PTI): The BSE benchmark Sensex today rose by nearly 98
points led by gains in bluechips, including HUL, NTPC and Wipro, buoyed
by government's decision to liberalise FDI norms in a dozen sectors.
The 30-share index started the day on a firm footing at 19,970.02, higher by 118 points from yesterday's close. It, however, erased some of the early gains during the day and closed 97.50 points, or 0.49 per cent higher at 19,948.73.
Sensex had closed down by 183.25 points in the previous session.
Similarly, the wide-based National Stock Exchange index Nifty gained 18.05 points, or 0.30 per cent, to close at 5,973.30.
Brokers said the market sentiment was boosted after the government yesterday announced to hike foreign direct investment (FDI) in a dozen sectors, including 100 per cent in telecom and higher caps in insurance and defence sectors, to boost the sagging economy.
The 30-share index started the day on a firm footing at 19,970.02, higher by 118 points from yesterday's close. It, however, erased some of the early gains during the day and closed 97.50 points, or 0.49 per cent higher at 19,948.73.
Sensex had closed down by 183.25 points in the previous session.
Similarly, the wide-based National Stock Exchange index Nifty gained 18.05 points, or 0.30 per cent, to close at 5,973.30.
Brokers said the market sentiment was boosted after the government yesterday announced to hike foreign direct investment (FDI) in a dozen sectors, including 100 per cent in telecom and higher caps in insurance and defence sectors, to boost the sagging economy.
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