SENSEX | Nifty nears 20K and 6K mark

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The bullish sentiment at stock markets continued for yet another day today with benchmark indices closing over 1 percent up, both Bombay Stock Exchange's 30 component SENSEX and National Stock exchange's Nifty closed close to syclogical mark of 20000 and 6000 which they might touch this week before any correction starts, which can be in line of over 10 percent for both Sensex and Nifty.

If we look at today's trading sessions and closing National Stock Exchange’s Nifty ended at 5980.45, thus closing up by 95.50 points.
Sensex also followed and closed well over 300 points up, Bombay Stock Exchange’s Sensex ended at 19906.10, up 311.35 points. Most of the boost came from foreign institutional investors which did bulk of the purchasing, however looking at the global peers the fact of correction of Indian Stock markets correction cannot be ruled out. and it would be between ten percent to 20 percent correction which is just round the corner because the reason behind FII's purchasing is not very clear still.

Checking sectoral indices performance today following figures surface for today:
BSE FMCG Index closed up by over 3.50 percent, BSE Realty Index also closed in green by 1.73 percent and BSE Auto Index added 1.31 percent.

Market breadth was positive on the BSE with 806 gainers against 537 losers.