Sensex closes above 17k level,

Sensex closes above 17k level, Nifty crosses 5,000 points- Hindustan Times: "The benchmark Sensex on Thursday closed above the 17,000-point mark for the first time, while the Nifty crossed the 5,000 level driven by unabated FII inflows as well as strong global cues. The rally was largely confined to frontline counters as the derivatives series registered a marketwide rollover of over 70 per cent at the concluding day of September contract. Riding high on unprecedented FII inflows, operators not only rolled over positions to next series but also made fresh commitments in the cash segment, market players said. They, however, expected downward correction soon, taking a cue from heavy profit selling in the mid-cap and small-cap segments, indices of which closed flat."