The Bombay Stock Exchange benchmark index, Sensex, on Tuesday jumped by 176 points to regain the 19000-mark after two weeks on sustained buying in blue chips such as RIL, Sun Pharma, L&T and SBI after the government said it would continue to argue for lowering of interest rates by the Reserve Bank of India (RBI).
The Sensex closed 176.20 points higher at 19040.95, a level last seen on March 18. The index had gained around 183 points in the past three sessions.
RIL jumped over 2 per cent after Ambani brothers joined hands for telecom business. Sun Pharma and Wipro gained over 4 per cent each. L&T gained 2 per cent after its construction arm bagged orders worth Rs.3,700 crore in March.
The 50-share CNX Nifty of the NSE also improved further by 43.70 points to 5748.10.
Rupee edges up
The rupee on Tuesday gained three paise to close at 54.26 against the dollar in line with strong local equities amid some selling of the U.S. currency by exporters. — PTI