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