Once again it's party time for Indian stock brokers and investors as Indian markets hit an all time high of 18,000. It took just eight days for the SENSEX to move from 17,000 to 18,000, setting a new milestone in the process.
The journey was the second-shortest. The BSE 30 index crossed 17K on September 26, taking just six trading sessions to travel from 16K.
Strong buying was seen in telecom, metal, realty, IT, cap goods, oil & gas and auto stocks on expectations of rise in quarter earnings for these sector companies.Technology shares rose for the second consecutive day on expectations of robust quarter earnings.
THE JOURNEY towards 18,000.......
-Sensex takes 8 days to move from 17,000 to 18,000
-Contribution - RIL 185 pts, Infosys 152 pts, L&T 103 pts
-Contribution - REL 104 pts, TATA Steel 42 pts, Rel Comm 93 pts
-Contribution - Bharti 69 pts, BHEL 59 pts, NTPC 39 pts, Satyam 33 pts
-Top 5 stocks have contributed to 60% of rally from 17,000 to 18,000
-FIIs have invested $3.54 bn in cash market
-Sensex Journey from 1k to 18k
-Contribution - RIL 185 pts, Infosys 152 pts, L&T 103 pts
-Contribution - REL 104 pts, TATA Steel 42 pts, Rel Comm 93 pts
-Contribution - Bharti 69 pts, BHEL 59 pts, NTPC 39 pts, Satyam 33 pts
-Top 5 stocks have contributed to 60% of rally from 17,000 to 18,000
-FIIs have invested $3.54 bn in cash market
-Sensex Journey from 1k to 18k
(Data Source: http://www.ibnlive.com/)
Rupee becomes strongest ever against USD after the period of 10 years (i.e. 1997) and SENSEX crossed 18,000 mark So, What is left to be said ?? I can only say its time for India Poised to "India Realised"
Cheeeeers!!!
Napoleon
