Sensex regains 20k level after 6-week

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The BSE benchmark sensex on Monday regained the 20,000 level after six weeks at mid-session today 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 per cent 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 per cent, 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 per cent weightage on the sensex — Reliance Industries rose by 0.44 per cent to Rs 893.50 and ITC by 0.56 per cent 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.

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