NSE stock futures breach key 6,000 level

December futures contract for the 50-share NSE index crosses the psychologically key level of 6,000 points for the first time since January 7, 2011, extending a rally after recent reform measures were cleared by parliament. Dealers said the milestone in futures bodes well for the main NSE index, widely known as Nifty, which had risen 27.8 per cent in 2012 as of Monday’s close. Passage of banking reforms bill, due to be voted on Tuesday, and other measures would be key for sustaining the rally that has seen India outperforming BRICs by a wide margin in 2012 so far, dealers added.