Markets Close Above the 20K Mark

The Indian markets had a good session of trade, with the Sensex reclaiming the 20k closing mark after a month and the Nifty ending at the 6000 mark. The Sensex ended at 20060, higher by 171 points and the Nifty ended at 6000 up 54 points. The main gainers are the Metal and Banking indices closing the day with a gain of more than 2 percentage points. On the global front Stocks advanced in Europe and Asia as a Chinese official said his nation was supporting efforts to stem Europe’s debt crisis and tensions eased on the Korean peninsula. The euro strengthened and commodity prices rose. The MSCI Asia Pacific Index increased 1 percent to 134.69 as of 5:37 p.m. in Tokyo. The Stoxx Europe 600 Index climbed 0.6 percent to 280.16 in London, while futures on the Standard & Poor’s 500 Index climbed 0.4 percent. The euro pared gains after Moody’s Investors Service put Portugal’s credit rankings on review for a possible downgrade.