Sensex at closing high

FIIs GREET NEW INVESTMENT CURBS BY PUSHING SENSEX TO NEW HEIGHTS

Putting the controversial participatory notes (P-notes) issue to rest, key stock indices soared to new highs on fresh buying by foreign institutional investors (FIIs) on robust corporate second quarter earnings by India Inc led by construction and engineering major Larsen & Toubro.

The Bombay Stock Exchange's 30-share Sensex rallied by 472.28 points or 2.52 per cent, ending the day at 19,243.17 points, a new record for the index.

The previous highest close was 19,058 on October 15, a day before the capital market regulator Sebi put out the proposals to curb P-notes.

The broader 50-share S&P CNX Nifty closed at 5,702.95 points, up 133.35 points or 2.41 per cent.

Cues from other Asian markets were also positive as they appeared to be insulated from record crude prices, and bad corporate results and negative employment data in the US.