Markets Close in Green Above the Psychological Levels of 20K

The markets had a landmark session of trade, with the Sensex surpassing the much anticipated 20k mark and the Nifty scaling the 6000 level for the first time since January 2008. The indices retraced below this mark and infact dipped into the red, albeit momentarily, only to reclaim these levels at close. The main gainer this session is the IT index closing the day with a gain of more than two percentage points. The other gainers are the Teck and Capital Goods closing the day with a gain of more than one percentage points. The Sensex closed the day in green gaining 95.45 points or 0.48 percentage points to close at 20,001.55.  Nifty ends the day at 6009.05 gaining 28.60 points or 0.48 percentage points. Market breadth was negative with 886 advances against 2,121 declines on BSE. On the global front, most European stocks rose as governments from Ireland to Spain sold bonds amid renewed concern that some nations will struggle to contain their deficits. U.S. futures and Asian shares were little changed.