Tuesday 8 October 2013

Sensex crosses 20K level

Indian stock markets jumped over one per cent in the opening session on Tuesday on heavy capital inflows despite mixed Asian cues.

At 9.15 a.m., the 30-share BSE index Sensex was up 199.19 points (1.00 per cent) at 20,094.29 and the 50-share NSE index Nifty was up 63.35 points (1.07 per cent) at 5,969.50.

Asian stocks swung between gains and losses as telecommunication shares dropped while utilities advanced.

The US government shutdown entered its second week, leaving investors on tenterhooks as politicians in Washington made little headway in agreeing a deal to avoid the debt default.

But a private survey of China's services industry helped cap the losses as it showed the sector continued to expand in September, albeit at a slower pace than in the previous month.

Japan's Nikkei was down 10.31 points or 0.07 per cent at 13,843, Hong Kong's Hang Seng rose 90.50 points or 0.39 per cent to 23,064.40 and Australia's S&P/ASX 200 was down 17.21 points or 0.33 at 5,143.90.

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