Sensex touches new peak of 19,276 intraday

The benchmark Sensex rose to a new intra-day high of 19,276.45 on the BSE on Friday on brisk buying by funds, after the stock regulator yesterday dispelled confusion on P-notes and reiterated its position on easing front-door FII investments.

Later, the Sensex closed at 19,243.17, up 472.28 points over yesterday's close of 18,770.89.
The Securities and Exchange Board of India Chairman, Mr M Damodaran yesterday said pension funds, charitable institutions, foundations and university funds that are not 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 133.35 points at 5,702.30 as heavyweights such as Reliance, Larsen and Toubro and Tata Steel and SBI gained significant grounds.