Sensex Scale to Reach 20K, Closes 19,997.10

The BSE Sensex ended 727 points higher after the trade deficit data narrowed down due to fall in gold imports. 

Tracking the momentum, the 50-share Nifty index also surged over 200 points to end near its key psychological level of 5,900. 

The easing tension in Syria and strengthening rupee against the US dollar also provided support.

The partially convertible was at 64.33, up 91 paise, on the back of FII inflows. It touched an intraday high of 64.10 and a low of 64.54 in trade today 

Trade deficit in the month of August slipped to $10.9 billion vs $12.26 billion, down 11% month-on-month (MoM). Imports in August stood at $37.05 billion vs $38.10 billion, down 2.7%, (MoM). Gold imports fell to $0.65 billion vs $2.2 billion, (MoM). 

Meanwhile, exports in August increased to $26.14 billion vs $25.83 billion, up 1.2% (MoM). 

The 30-share index ended at 19,997.10, up 727.04 points or 3.77%. It touched a high of 20,012.69 and a low of 19,444.66 in trade today. 

The Nifty closex at 5,896.75, up 216.35 points or 3.81%. It touched a high of 5,904.85 and a low of 5,738.20 in trade today.