After Sensex, Nifty zooms to a 2-year high
The National Stock Exchange's index Nifty Tuesday breached 6,100 level after two years on the back of steady capital inflows amid strong corporate earnings.
Mumbai: The National Stock Exchange's index Nifty Tuesday breached 6,100 level after two years on the back of steady capital inflows amid strong corporate earnings.
The wide-based Nifty rose by 19 points, or 0.31 percent to trade at 6,101.30 points, a level not seen since January 2011.
However, profit booking emerged at two-year high levels and the sensitive index slipped to trade at 6,098.65 points at 1055 hrs.
Among the NSE-50 stocks, 32 advanced, while 18 declined.
Brokers said steady inflow of capital inflows by foreign funds driven by the government's decision to deregulate diesel prices in a key economic reform measure, and better-than- estimated third quarter earnings by some blue-chip companies, helped Nifty to cross 6,100-level.
Meanwhile, the BSE benchmark Sensex was trading up 36.12 points, or 0.18 percent, at 20.137.94.