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Sensex closes over 20K level for first time
By siliconindia
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Wednesday, 12 December 2007, 18:13 IST
Mumbai: The stock market benchmark Sensex on Wednesday advanced 360.61 points to close above the 20,000 points level for the first time, thanks to brisk buying by funds ahead of the U.S. Federal Reserve's decision on interest rate cut.
The Sensex, which had recorded an intra-day level at 20,000 points level, on October 29, settled at 20,290.89 today.
It touched the day's high of 20,333.06 points and a low of 20,019.34 points.
Similarly, the National Stock Exchange index Nifty also added 136.65 points to closed at a record 6,097.25, after touching a high of 6,111.20 and a low of 5960.40 points.
The major support to the market came in form of index-linked stocks like Reliance Industries, Grasim, HDFC Bank, Bajaj Auto, Bharti Televenture and ONGC.