Sensex crosses 20K mark; Nifty scales 6k

Markets have soared this morning on strong global cues.

The Sensex opened at 19,987 - up 109 points. The index has soared 180 points at 20,086 - its highest since January 2008.

The Nifty, too, has broken the 6,000 mark and is up 47 points at 6,028.

US markets jumped on Monday, taking the S&P 500 to its highest in four months. The Dow added 1.3% to 10,754. Nasdaq jumped 1.7% to 2,356.

Asian markets, however, are marginally up. The Hang Seng has gained 67 points at 22,045. Nikkei is up 38 points at 9,665.

Hero Honda has jumped 2.2% to Rs 1,862. Wipro is the top IT gainer and is up 1.4% to Rs 426.

Ranbaxy has added 1.4% to Rs 539. Banking stocks are up. Punjab National Bank has gained 1.3% at Rs 1,291. Axis Bank and Kotak Bank have added 1% each.

Larsen & Toubro, Hindustan Unilever, BPCL are up 1-2% each.

However, Ambuja Cements, DLF and ABB have dropped marginally in trades this morning.BSE Consumer Goods index has gined 1.3% in morning trades to 15,906.IT, FMCG and power indices are also up nearly 1% each.

Larsen & Toubro has gained 2% at Rs 2,040. BHEL has jumped 2% to Rs 2,489.

BEL and Punj lloyd have added over 1% each. BEML, Siemens, Crompton Greaves, Jyoti Structures and Gammon India are trading in green.