NSE Nifty index crosses 6,000 barrier

Mumbai, Nov 1: The NSE nifty index today crossed 6,000 barrier in mid-morning session and touched a new peak at 6011.95 points with a gain of more than 100 points from its last close of 5900.65 points on sustained heavy speculative demand from FIIs and mutual fund operators.

Similarly, the BSE sensitive index also crossed again 20,000 level and touched a high at 20,130.23 points at the opening session gaining around 293 points from its last close of 19,837.99 points.

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The benchmark Sensex also spurted by 366.22 points to hit 20,204.21 points, in the first five minutes of trade.

The wide-based NSE index, Nifty, went up by 111.30 point at 6,011.95 with most of the index linked stocks trading in green.

The market also received a booster from the Hong Kong share prices which opened higher today, up 1.27 per cent, tracking Wall Street's gains after the US Federal Reserve cut its key interest rate by 25 basis points.

The US Fed cut its target for the federal funds rate to 4.5 per cent from 4.75 per cent, meeting the expectations of most analysts.

UNI