The bull run in the Indian markets has achieved another milestone with Sensex hitting the 20,000 mark. Nifty has hit 5,900 levels scoring over a double century. Strength is seen coming from all quarters.
The 30-share BSE Index took just 10 sessions to cover the last 1,000 points on funds buying in heavy-weight stocks, led by Reliance Industries.
The Sensex spurted in the last five minutes of trade to fly past the crucial level and scaled a new intra-day peak at 20,024.87 points before ending at its fresh closing high of 19,977.67, a gain of 734.50 points.
The rally was led by capital good stocks and market major and trend-setter Reliance Industries, which surged to a record Rs 2,844 on funds buying, influenced by a similar trend in other Asian stock markets.
The journey so far..... 15k to 20K.....
The Sensex crossed 19,000 mark on October 15. It had crossed 10,000 mark on February 6, 2006 and 15,000 mark on July 6, 2007.
Seems Bulls are taking SPEED :-)
Courtesy : IBNLive