The Nifty rose 0.8 percent on Wednesday to breach the 6,000 mark for the first time in two years after the US House of Representatives approved a deal on the so-called fiscal cliff, sparking broad-based buying.

Banking shares led the gainers as hopes of a January rate cut gathered steam. ICICI Bank rose 0.9 percent, while State Bank of India rose 1.3 percent.

The Nifty was up 0.8 percent as of 11:23 AM, after earlier rising to as high as 6,000.50 points, trading above that key psychological level for the first time since January 7, 2011.

The benchmark 30-stock BSE Sensex rose 0.79 percent.

(Agencies)

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