Sensex ends kissing distance of 20,000

Sensex ends kissing distance of 20,000

With this start this day, key indices only extended last week’s close 4.2 per cent rally and with that domestic bourses outperformed the gains in global stocks as foreign institutional investors’ buying spree and higher Q2 advance tax payments from frontline company only underpinned sentiments in D-Street.

Both the key indices of BSE and NSE were in the close vicinity of psychological 20,000 and 6,000 mark respectively.

The 30-unit Sensex at BSE was up 311.35 points or 1.59 per cent to close at 19,906.10 points, which is its highest closing level since January 15, 2008. It gained 332.55 points at the day’s high of 19,927.30, in late trade and lost 149.33 points at the day’s low of 19,445.42 in early trade. The 50-unit S&P CNX Nifty at NSE was up 95.50 points or 1.62 per cent to 5,980.45, which is also its highest closing level from January 15, 2008.  During the intra-day trade, Nifty struck a high of 5,989.50.

The broader market wise, the BSE Mid-Cap index rose 0.66 per cent, while the BSE Small-Cap index gained 0.74 per cent, which effectively means that both these indices have underperformed the Sensex this day.

Market breadth

The market breadth, indicating the health of the market was strong, with as many as 1789 shares on BSE advanced while 1219 stocks declined and a total of 96 scrips remaining unchanged.

The total turnover on BSE amounted to Rs 5187 crore higher compared with Rs 4987.76 crore on Friday, 17 September 2010. Among the 30-share Sensex pack, 25 advanced while only 5 of them declined.

The BSE Mid-Cap index rose 0.66% and the BSE Small-Cap index gained 0.74%. Both these indices underperformed the Sensex.

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