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Saturday, July 14, 2007

The Sensex story: 1,000 to 15,000!

Sensex journey from 1k over the years.

1000 points on July 25, 1990: July 25, 1990 was the day on which for the first time, the Sensex had touched the four-digit figure from the time of its debut in 1986 with the base year as 1978-79 and an initial score of 100. A day to remember indeed!

2000 on Jan 15, 1992: Almost after one and half a year on Jan 15, 1992 the sensex entered 2000 mark. Said that it took nearly 538 days for the index to move to 2,000. The move was due to the liberal economic policy initiatives undertaken by the then finance minister Dr. Manmohan Singh. Present PM appeal to masses had this happen.

3000 On Feb 29, 1992: In the same month, on Feb 29, 2002 the Sensex crossed the 3000-mark just in a span of 45 days gap.

4000 on March 30, 1992: Exactly a month later, Harshad Mehta was in limelight. On March 30, 1992 the sensex reached another new peak. Helped by the Harshad Mehta euphoria, the move to the 4000-mark was even more swift with the Sensex taking just 28 days to cross this barrier.

5000 on Oct 8, 1999: Exactly 7 years later since 1992, the market moved to a new mark. This was due to the crash following the Harshad Mehta scam that pushed the market into a bearish phase It is reported that it took more than 7 years for the Sensex to cross the 5,000-mark as the BJP-led coalition won the majority in the Lok Sabha election. Harshad not only shook the Parliament, but the stock market too.

6000 on Feb 11, 2000: On Feb 11, 2000 the sensex entered 6000 mark. The global euphoria for technology sector stocks pushed the stock markets across the globe including the Sensex to historic highs. The index moved past the 6000-mark in a span of 126 days.

7000 on June 20, 2005: June 20, 2005 was the day when Sensex travelled to 7000 mark. Though the Sensex crossed 6,000-mark in February 2000, it failed to close past it. It took more than four years for the Sensex to close past this level on Jan 2, 2004. Stock markets across the globe saw huge correction. It took almost 63 months for the Sensex to get back to 7000. Perhaps Ambani Brothers, Mukesh Ambani and Anil Ambani was considered to be superstar in the stock market. The reports of an amicable settlement between the Ambani brothers buoyed market sentiment. Led by the Reliance group pack, the Sensex moved past 7,000 points in about 63 months.

8000 on Sept 8, 2005: The surge in the FII inflow during 2005 was the key factor behind the bull market witnessed in the year 2005. The Sensex crossed the 8000 mark in 78 days.

9000 on Nov 28, 2005: It took 78 days to move to the 9000-mark on the back of surging FII inflows and active retail investors participation.

10000 on Feb 6, 2006: The Sensex crossed the magical 10000-mark in 70 days but closed shy of this level at 9981.

11000 on March 21, 2006: The overriding bullishness of the Indian stock market got another shot in the arm with the Sensex touching the 11,000 mark. It made this journey from 10,000 to 11,000 in a matter of 42 days.

12000 on April 20, 2006: The BSE Sensex crossed 12,000 points on April 20, The benchmark BSE-30 Sensex closed at 12,039.55 on April 20, up 143.57 points (or 1.21 per cent). While the NSE`s S&P CNX Nifty index went up by 37.65 points (or 1.06 per cent) to 3573.50.

12000 on Sept 15, 2006: Amid immense volatility, the Sensex kept gaining ground till it sped past the 12,000 mark to a high of 12,041.70.

12,500 on Oct 12, 2006: The BSE Sensex, staged a smart rally on 12th of October ending the session with a massive gain of 184.49 points at 12,537.98. The resultant surge in values of frontline stocks drove the benchmark indices Sensex and the Nifty past the 12,500 and 3600 marks respectively.

12,700 on Oct 13, 2006: Sensex scaled yet another summit today when it moved past the 12,700 mark, re-writing history immediately on commencement of trade this morning.

12,928 on Oct 16, 2006: Riding on consistent buying and strong macro-economic and corporate performances, the Indian benchmark stock index, Sensex, recorded its highest-ever trading at 12,928. before ending.

12,906 on Oct 27, 2006: Robust quarterly earnings of top mobile phone company Bharti Airtel perhaps helped the 30-share benchmark index of the Bombay Stock Exchange to rise 208 points, or 1.6 percent, at 12906. This is the second-highest closing for the Sensex.

13,000 on Oct 30, 2006: The Sensex crossed the historic 13,000 mark on Monday.

13,163 on Nov 09, 2006: Sensex has moved up to 13,163.74, up 91.23 points or 0.7% over its previous closing mark now.

13,213 on Nov 10, 2006: At 13,213.89, the Sensex is 76.40 points or 0.58% ahead of yesterday's closing mark. The Nifty has risen to 3812.75, netting a sharp gain of 16.35 points or 0.43%.

13,357 on Nov 13, 2006: The Sensex has risen to 13,357.83, notching up a big gain of 74.92 points or 0.6% now. At 3848.60, a few points down from its new high of 3852.95, the Nifty has posted a gain of 23.85 points or 0.36%.

13,500 on Nov 15, 2006: After opening with a positive gap of over 50 points at 13,476.28, the Sensex breezed past the 13,500 mark to a new high of 13,505.34 in a flash and is currently seen moving around 13,475, up nearly 50 points or 0.37% over yesterday's closing mark.

13,600 on Nov 15, 2006: Sensex is now up 170 points at 13,600.

13,700 on Nov 22, 2006: Sensex past the 13,700 mark. At 13,703.77, the barometer is up with a big gain of 87 points or 0.64% at present.

13,800 on Dec 01, 2006: At 13,817.77, a few points down from its new lifetime high of 13,820.34, the Sensex has posted a thumping gain of 121.46 points or 0.89% at present.

13,900 on Dec 04, 2006: The Sensex, which opened at 13,846.71, around a couple of points higher than its last closing mark, vaulted past the 13,900 mark to a new high of 13,911.64 in a flash and despite having dropped down a bit to 13,898.65, is up with a sharp gain of 53.87 points (0.39%) at present.

14,000 on Dec 05, 2006: The Sensex opened well past the 14,000 mark - at 14,028.47, to be precise - as the bulls, with their already upbeat mood boosted further by strong global markets, took guard on BSE this morning.

15,000 on Jul 06, 2007: As buying in blue chip stocks gathered momentum, the enchmark BSE index Sensex scaled Mount 15k this afternoon. The landmark figure, which had proved elusive yesterday, appeared a distant dream when the market opened on a highly listless note this morning.

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