December 5, 2012 10:49 AM IST

Sensex Rises Amid Optimism on FDI Vote

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Sensex Rises Amid Optimism on FDI Vote

The BSE Sensex rises 0.5 percent to 19,442.61 and Nifty gains 0.38 percent to 5,911.55.

BSE Sensex

Asian shares rose on Wednesday, led by gains in Chinese equities. However, concerns over whether U.S. lawmakers can resolve a budget impasse before year-end to avert a possible economic slump weighed on sentiment.

Market mood remains positive ahead of the outcome of the crucial vote on foreign direct investment in multi-brand retail in parliament due later in the day.

Leading the gains HDFC Bank (HDBK.NS) rises 1.4 percent and Larsen & Toubro (LART.NS) gains 1.1 percent, while Tata Motors (TAMO.NS) is up 1.33 percent.

Copyright 2012 Thomson Reuters. All rights reserved.
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