Economic Survey 2013 powers Sensex 192 pts

The BSE benchmark Sensex surged 192 points at midsession today on funds buying after the Economic Survey 2012-13 revealed the economic growth recovering amid a firming global trend.

After a better start, the Sensex advanced 191.93 points, or 0.01 per cent, to 19,207.07 led by realty and capital goods.

Similarly, the broad-based National Stock Exchange index Nifty shot up by 53.80 points, or 0.93 per cent, to 5,815.15.

It had dropped 1.6 per cent yesterday, the steepest single day loss in seven months.

Brokers said the market sentiment buoyed by the economic survey projections of 6.1 to 6.7 per cent growth rate for 2013-14.

They said the upsurge was further supported on firming trend in the Asian region after the US Fed affirmation of its commitment to monetary stimulus.

Market major Reliance Industries gained 1.75 per cent to Rs 838.35 and Larsen and Toubro, largest engineering company, shot up by 3.43 per cent to Rs 1,414.20.

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