Sensex crosses 20,000-peak after two years, closes a tad lower
of market," said Dipen Shah, Head of PCG Research, Kotak Securities.
Yesterday, Sensex had spurted by 242.77 points after postponement of the implementation of controversial GAAR by two years until April 2016 and fall in inflation (WPI) to 3-year low. Globally, Asian stocks ended mixed as US stocks closed on a muted note yesterday.
Key benchmark indices in Hong Kong, Singapore, Taiwan and South Korea fell by 0.14 per cent to 1.16 per centm, while indices in China and Japan moved up by 0.60-0.72 per cent.
European markets were also trading narrowly mixed as indices in France and London inched up by 0.09 per cent to 0.10 per cent and Germany eased by 0.02 per cent.
Turning to the local market, Infosys today reacted downwards by 0.62 per cent after two days of sharp gains on good Q3 results while TCS, after gaining over 4.9 per cent in early trade on robust Q3 results announced late yesterday, fell back at the fag-end to close mostly stable.
Overall, 15 scrips out of the Sensex pack ended with gains and 13 closed with losses while two ruled steady.
Other major gainers from the Sensex were ITC (1.98 pc), ICICI Bank (1.53 pc), Tata Power (1.51 pc), Bajaj Auto (1.07 pc) and Tata Motors (0.84 pc).
However, Coal India dropped by 1.54 per cent, followed by Sterlite Ind (1.31 pc) and Jindal Steel (0.74 pc).
The total market breadth turned negative 1,154 stocks ended with losses while 1,126 finished with gains. The total turnover rose to Rs 2,450.40 crore from Rs
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