Nifty crosses 6,100 level after two years

The National Stock Exchange’s index Nifty on Tuesday breached 6,100 level after two years on the back of steady capital inflows amid strong corporate earnings.

The wide-based Nifty rose by 19 points, or 0.31 per cent to trade at 6,101.30 points, a level not seen since January 2011.

However, profit booking emerged at two-year high levels and the sensitive index slipped to trade at 6,098.65 points at 1055 hrs (IST).

Among the NSE-50 stocks, 32 advanced, while 18 declined.

Brokers said steady inflow of capital inflows by foreign funds driven by the government’s decision to deregulate diesel prices in a key economic reform measure, and better-than-estimated third quarter earnings by some blue-chip companies, helped Nifty to cross 6,100 level.