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After Sensex, Nifty zooms to a 2-year high

Last Updated: Tuesday, January 22, 2013 - 11:21

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.


First Published: Tuesday, January 22, 2013 - 11:08
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