The BSE benchmark Sensex crossed the psychologically crucial 20,000-mark and the NSE Nifty 6,000-level in the week, as foreign investors bet big on robust economic growth in India.

Foreign institutional investors (FIIs) are on a buying spree in India, one of the fastest-growing major economies.

FII inflow in the current-month September totalled Rs 18,649.23 crore till 24th September.

Hefty FII-driven buying and higher Q2 advance tax payments from frontline companies underpinned the highly positive sentiment prevailing in the market.

The government doubled foreign investment limits in government securities to USD 10 billion from USD 5 billion and increased the limit for corporate bonds to USD 20 billion from USD 15 billion, a move that also boosted the market sentiment.

Cumulative rainfall in the country between 1st June to 22nd September was 4 per cent above normal, a factory which added cheers in the stock market.

The 30-share Sensex resumed lower at 19,445.42, but recovered immediately to cross the 20,000-mark to 20,105.54 before ending the week at 20,045.18, posting a sharp gain of 450.43 points, or 2.30 per cent, from its weekend’s close.

The 50-scrip Nifty shot up by 133.35 points, or 2.27 per cent, to settle the week at 6,018.30 from its last weekend’s close.

Both the landmarks were regained for the first time in 32 months.