Sensex ends within sight of 20,000; Nifty regains 6,000 | business | Hindustan Times
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Sensex ends within sight of 20,000; Nifty regains 6,000

business Updated: May 07, 2013 20:59 IST
HT Correspondent
bse sensex

The Sensex on Tuesday rose 215 points, or 1%, to close at a three-month high of 19,889 and the Nifty regained the psychological 6,000-mark on robust capital inflows in banking, consumer goods, real estate and auto stocks amid strong global cues.

The broader NSE Nifty closed with a gain of 73 points, or 1%, to close at 6,044.

Investor wealth zoomed up by Rs 60,000 crore to end at Rs 67.6 lakh crore as all the 13 sectoral indices ended up.

“The rally in Indian equities has been backed by renewed monetary easing by central banks, including rate cuts by the European Central Bank, Reserve Bank of Japan and Bank of Australia,” said Dhananjay Sinha, co-head, institutional research, Emkay Global Financial Services.

“In the current scenario, investors need to be watchful of valuations. Apart from this, any disappointment in monsoons or spike in crude oil prices could result in profit-taking,” said Sanjeev Zarbade, vice-president, private client group research, Kotak Securities.