Sensex ends above 20k, Nifty above 6k

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Sensex positive
Mumbai, Sep 21: For the first time since Jan 17, 2008 the Nifty have crossed above 6,000 and the Sensex hit above 20,000 mark supported by Foreign Institutional Investors (FIIs).

Markets were further supported by technology, healthcare and HDFC group companies along with ITC, Reliance Industries, SBI, Hero Honda and ICICI Bank.

The Sensex closed at 20001, up 95.45 points and the Nifty was at 6009, up 28.6 points.
4:23 pm

Sensex trades with a +ve bias

Though BSE Sensex was facing resistence at 20,000 level, but it traded volatile with a positive bias.

At 1:12 pm, the Sensex was trading at 19964, up 58 points and the Nifty was at 5996, 15 points. The Nifty Sep 2010 futures were trading at 10 points premium and Oct 2010 futures at 20 points premium.

Ranbaxy Labs, HDFC, L&T were among the top gainers with Rs 557.40, Rs 731.80, Rs 2,045.95 up respectively.

ITC, DLF, Hindalco were among the top losers with Rs 172.55, Rs 357.35, Rs 189.60 down respectively.
2:34 PM

Sexsex struggles after crossing 20,000 level

Though BSE Sensex started at 20,000 level high, the Nifty faced resistance at 6000 level after the beginning on Sep 21.

However, the shares of HDFC Bank, Kotak Mahindra Bank, HUL and Bharti Airtel were helping the markets to stay in positive terrain.

At 11:54 am, the Sensex was trading at 19995, up 89 points and the Nifty was at 6005, up 24 points. The Nifty Sep 2010 futures were trading at 12 points premium and Oct 2010 futures at 27 points premium. Indices were moving towards highest point of the day on Sep 21.

TCS, Wipro and HCL Tech were were up 1-2.7 percent each.

About 956 shares advanced while 2286 shares declined on BSE. Nearly 154 shares were unchanged.
12:19 PM

Sensex touches 32 months high 20,000 level

With the help of huge funds from foreign institutional investors (FII), the NSE Nifty touched 6000 mark and the Sensex hit 20000 level on Sep 21 for the first time since Jan, 2008.

At 09:12 am, the Nifty was trading at 6016, up 36 points and the Sensex at 20,038, up 132 points. About 753 shares advanced while 248 shares declined on NSE.

FIIs were net buyers to the tune of more than Rs 15,000 crore in the month of Sep 2010.

However, Asian markets were quiet in trade and Shanghai, Hang Seng and Taiwan were flat.
9:26 AM

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