Nifty hits 20,000 for first time on G20 vibes, global cues

The benchmark Nifty 50 hit the psychological 20,000 mark for the first time, advancing for the seventh straight day against the backdrop of the G20 summit hosted by India and positive global cues.

The Nifty breached the 20,000 levels in late trade before settling at 19996.4, up 0.9 per cent. Forty-six of its components advanced, with Reliance Industries, HDFC Bank, Axis Bank, ICICI Bank, and Adani Ports & SEZ being the top contributors to the gains. The gauge has surged 3.85 per cent since August 31 and was last seen nearing the 20,000 mark on July 20. The journey from 19,000 to 20,000 took 52 sessions.