Sensex reaches new high 20,000 mark

The bull run in the Indian markets has achieved another milestone with Sensex hitting the 20,000 mark. Nifty has hit 5,900 levels scoring over a double century. Strength is seen coming from all quarters.

The 30-share BSE Index took just 10 sessions to cover the last 1,000 points on funds buying in heavy-weight stocks, led by Reliance Industries.

The Sensex spurted in the last five minutes of trade to fly past the crucial level and scaled a new intra-day peak at 20,024.87 points before ending at its fresh closing high of 19,977.67, a gain of 734.50 points.

The wide-based National Stock Exchange's Nifty rose to a record high 5,922.50 points before ending at 5,905.90, showing a hefty gain of 203.60 points.

The rally was led by capital good stocks and market major and trend-setter Reliance Industries, which surged to a record Rs 2,844 on funds buying, influenced by a similar trend in other Asian stock markets.

Capital goods index shot up by 1,360.51 points at 19,847.66, followed by oil and gas index by 556.19 points at 11,659.65. Metal index was the third best performer, gaining 445.18 points to 17,189.74, while the bank index rose 376.18 points to 10,649.71.

Courtesy:ibnlive.com
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