Sensex reclaims 20k

The Sensex breached the 20,000-mark for the first time in two years on Tuesday after the government postponed the implementation of the anti-tax avoidance rules until 2016, and declining inflation raised hopes of the Reserve Bank of India cutting interest rates when it meets this month-end to review its quarterly monetary policy.
The benchmark index hit an intra-day high of 20036.82  but closed marginally below the psychological mark at 19986.82, a 0.4% gain from the previous session amid low volumes. The Nifty also hit a two-year intra-day high of 6068.5 before closing lower at 6056.6. However, both the benchmark indices closed at their highest levels since January 6, 2011.
Half of the 30 Sensex constituents rose, with Bharti Airtel, ITC and ICICI Bank leading the charge. The worst performers were Coal India, Sterlite and Jindal Steel. TCS, which beat Street estimates with a 26% rise in its Q3 net profit, closed flat.
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