Jan 15 2013 00:00 IST
The BSE Sensex breached the psychologically meaningful level of 20,000 for the first time since January 2011, today in early morning trade, but later retreated below that. Shares continued to be supported a day after the government delayed the implementation of GAAR, the controversial rules on tax avoidance, and lower-than-expected inflation bolstered the case for cut in interest rates. Stock analyst Siddharth Kuanwala anticipated the announcement of good measures and credit policies in the future. At 2:20 p.m., the Sensex was trading at 19,995, with 18 components in the green. Nifty was trading up nearly 30 points at 6,052.50. Bharti Airtel was up more than 5 percent.