Sensex, Nifty scale new heights

The National Stock Exchange's Nifty index is a breath away from the psychological levels of 20,000

The two Indian stock exchanges continued their uptrend on Thursday to touch new peaks.

The Sensex of the BSE after opening at a subdued note at 67,074.34, flared up to touch a new all-time height 67,385.52 points.

At the BSE, the shares of Maruti Suzuki, ITC, Sun Pharmaceuticals, Kotak Bank, Reliance Industries, Tata Steel, IndusInd Bank and others saw an uptrend, while NTPC, Nestle, Axis Bank, Wipro, Bajaj Finance and others were on the downtrend.

Nifty likely to cross 20Kmark on Friday: Domestic equities are a breath away from the psychological levels of 20,000.

Nifty opened flat on Thursday, but soon gained momentum to close with handsome gains of 146 points at 19,979 levels, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.

All sectors ended in the green, except IT and consumer durables. BFSI, FMCG and pharma were the top gainers, up 1 pert cent each. On the backdrop of consistent FIIs buying (Rs 16,300 crore month till date), sound macros and micros, and surplus monsoon so far, Nifty has rallied by 15 pert cent since April 1, and 4 pert cent month till date, Khemka said.

Nifty should most likely cross the 20,000 mark on Friday, given the ongoing momentum and clear strength visible in the market, he added.