Sensex Breaks 20,000 Mark for First Time in 2 Years

  • Rate this Story
  • 0
  • 0

January 15, 2013 4:47 PM EST

The BSE Sensex breached the psychologically meaningful level of 20,000 for the first time since January 2011, but retreated below that in later trading.

Shares continue to be supported a day after the government delayed the implementation of controversial rules on tax avoidance and lower-than-expected inflation bolstered the case for cut in interest rates.

The Sensex is up 0.1 percent at 19,916.37, while the Nifty is flat.

Tata Consultancy Services Ltd (TCS.NS) shares gain 2.7 percent, a day after topping expectations with a 23 percent rise in October-December profit.

Auto makers shares gain on hopes a cut in interest rates will improve industry demand: Maruti Suzuki India Ltd (MRTI.NS) shares gain 0.7 percent, while Mahindra and Mahindra Ltd (MAHM.NS) is up 0.3 percent.

  • Rate this Story
  • 0
  • 0
Copyright 2012 Thomson Reuters. All rights reserved.

Join the Conversation

IBTimes TV
E-Newsletters

We value your privacy. Your email address will not be shared.