Sensex Breaks 20,000 Mark for First Time in 2 Years
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.
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.
Join the Conversation
- Japan’s Fukushima Badly Wants To Host 2020 Tokyo Olympics
- Unique Traits That Make You A Millennial
- If ‘Selfie’ Was The Word Of The Year In 2013, Selfie Stick Is Top Christmas Gift In 2014
- Russian Prime Minister Meets Exporting Companies To Find Solutions To Falling Ruble
- Top Google Canada 2014 Searches: Robin Williams, World Cup, iPhone 6