Sensex ends shy of 20,000; HDFC, ITC surge

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The BSE Sensex hit the key 20,000 mark for the first time since January 31, 2013 amid a strong global rally that sent the U.S.’ S&P 500 to another record high overnight. The 50-share Nifty benchmark inched towards the 6,100 mark.

The 30-share Sensex ended up tad short of the 20,000 mark  at 19,990 which is a 101 points gain and the 50-share Nifty ended up 26 points at 6,069.

The current upsurge was led by stocks of FMCG, oil and gas and banking sectors, besides a rally in HDFC Ltd and Lupin Ltd on better earnings.

In 30-BSE index components, 14 stocks gained. The rally was aided by handsome gains in counters like  HDFC (+3.85%), ITC (+2.27%  & HDFC Bank (+1.38%) . The FMCG sector index gained the most followed by Oil and Gas index  and Banking index/

Bharti Airtel, HeroMoto Corp, Tata Steel and M&M were notable losers amongst the Sensex stocks.

A firming global trend as China’s exports topped estimates and European central bank cutting interest rates to revive economy, further fuelled the uptrend.