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Sensex hits 20,000 level, Nifty above 6,000

Heavy profit booking in metal and realty stocks pull down Sensex below the psychologically important level

Benchmark indices of the country’s two major stock exchanges – the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) – touched psychologically important levels in early trading sessions on Tuesday. While the BSE Sensex hit 20,000 level, the NSE Nifty touched 6,000 mark.

However, profit booking among investors pulled down the Sensex below 20,000 level. At 11.40 am, the Sensex was trading at 19,970 while the Nifty was at still trading above 6,000 level.

Heavy selling was witnessed in metal and realty sector stocks. Investors also sold shares of ICICI Bank, Reliance Industries, DLF, SBI, ITC, Reliance Communications and Infosys.

On Monday, the Sensex closed at 19,906 while the Nifty ended the day at 5,980.