Sensex regains 20k level after 6-week at mid-session
The BSE benchmark Sensex Monday regained the 20,000 level after six weeks at mid-session Monday on emergence of value buying by funds amid firming Asian trend.
Mumbai: The BSE benchmark Sensex Monday regained the 20,000 level after six weeks at mid-session Monday on emergence of value buying by funds amid firming Asian trend.
After a lower start at 19,883.19, the Sensex rose by 113.97 points, or 0.57 percent to 20,072.44 at 1300 hrs. This is the first time the index has crossed the 20,000 mark since closing of 20,215.40 on May 30.
The broad-based National Stock Exchange index Nifty rose by 22 points, or 0.37 percent, to 6,031.
Brokers said funds indulged in buying fundamentally strong stock available at existing attractive levels besides a firming trend in the Asian region.
They said the sentiment also bolstered after IT major Infosys kicked start the quarter earning season with gains.
The two most-heavy with their 15 percent weightage on the Sensex - Reliance Industries rose by 0.44 percent to Rs 893.50 and ITC by 0.56 percent to Rs 351.75.
Others on the higher side were, Bharti Airtel, Dr Reddy's Lab, Hindustan Unilver, Mahindra and Mahindra, Jindal Steel, Sterlite Industries, Tata Consultancy and Wipro.