Markets have surged once again, on the back of buying interest in realty and banking shares. The BSE benchmark index crossed the 20K mark to a high of 20,037, and finally ended 80 points up at 19,987. It crossed the psychological barrier after a gap of two years. The last time the Sensex was trading above 20,000 was in January 2011
NSE Nifty managed to hold on to gains as well and was up 33 points at 6,057 at close.
Sentiment on the street received a boost largely from stellar third-quarter performances by information technology companies, Infosys and TCS, and the government's decision to accept most of the recommendations of the Parthasarthy Shome Committee that resulted in the deferment of the GAAR regime. The deferment and the amendments to GAAR are being seen as initiatives that will create an investor-friendly climate, while simultaneously bringing about clarity in tax rules to prevent their misuse by both, the tax enforcing authorities and taxpayers.
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Also read:
A bullish market next 5 years: CIO, Angel Broking
Sensex kisses 20k after 2 yrs, ends a tad short
Sensex @ 20K: Quo vadis?
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Meanwhile. most Asian markets ended lower Tuesday as worries about the US debt ceiling impasse led investors to take profit after a strong recent run. Mainland Chinese stocks extended their rally on more buying amid hopes for greater foreign participation in the domestic markets, while Japanese shares advanced after the yen dropped to multi-year lows Monday. Japan's Nikkei added 0.7% at 10,879. Straits Times, Kospi and Taiwan Weighted ended in the red.
Here is the list of Sensex gainers between January 11 and January 15
