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BSE Sensex ends above 20,000

Posted on Jan 18, 08:46PM | IBNS

The BSE Sensex rose 0.38 percent on Friday, closing above the 20,000 mark for the first time in two years, after oil stocks extended their rally.

The 30-share benchmark index ended 75.01 points higher at 20,039.04 with 16 of its components closing in the green.

The broader 50-share National Stock Exchange (NSE) Nifty index ended 0.42 percent or 25.20 points higher at 6,064.40 on Friday.

Expectations of a cut in the country's subsidy burden due to the raising of diesel rates helped energy stocks surge for a second consecutive term.

Meanwhile in the New Delhi bullion market, gold fell Rs 150 to Rs 31,000 per 10 grams while silver recovered Rs 200 to Rs 59,400 per kg.