As strong global market and increased industrial output encouraged investors' sentiment, Sensex rose above 19,000 today. Since January 2008, this is the first time the Sensex has gone beyond 19,000 levels. While Sensex was up 223 points at 19,023.24, Nifty was 64 points higher at 5,704.85. The growth in the industrial production almost doubled to 13.8 percent in July from the year-ago level on robust expansion in capital goods, and doused fears about any slowdown in demand, as pr the numbers released on Friday. On Monday, the gains in the Indian markets were broad-based, with banking, oil & gas, capital goods stocks seeing strong buying action. State Bank of India stock rose 4.5 percent today to 3,116. ICICI Bank jumped 3.3 percent while HDFC added 2.6 percent. L&T rose over 1 percent as the IIP numbers indicated a surge in capital goods output while Bhel added close to 0.9 percent. Energy stocks RIL was up 1.2 percent while ONGC rose nearly 2 percent.
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