Sensex closes above 10,000 mark

The key index moved between 10,432.31 and 10,107.25 points during the day.

The 50-share National Stock Exchange index Nifty spurted by 150.70 points at 3,211.05,after moving between 3,228.75 and 3,061.05 points.

Marketmen said the buoyancy was based on expectations that the G-20 summit of world leaders is likely to ease the worst economic crisis since the 1930s.

Buying activity picked up after US Treasury Secretary Timothy Geithner said global economies showing 8220;traction8221; amid widening stimulus efforts,they added.

With inflation,despite a small rise,still remaining close to zero,there are expectations of rate cuts by the RBI,something that could boost sales of homes and consumer durables.

The maximum support to the market came from sectors like realty,metal,oil and gas and banking.