Picked it up from Rediff. Wish I had gotten into the market earlier!
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The 1000-mark
On July 25 1990, the Sensex touched the magical four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results.
The 2000-mark
On January 15, 1992, the Sensex crossed the 2,000-mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken by the then finance minister and current Prime Minister Dr Manmohan Singh.
The 3000-mark
On February 29, 1992, the Sensex surged past the 3000 mark in the wake of the market-friendly Budget announced by the then Finance Minister, Dr Manmohan Singh.
The 4000-mark
On March 30, 1992, the Sensex crossed the 4,000-mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling.
The 5000-markOn October 8, 1999, the Sensex crossed the 5,000-mark as the BJP-led coalition won the majority in the 13th Lok Sabha election.
The 6000-markOn February 11, 2000, the infotech boom helped the Sensex to cross the 6,000-mark and hit and all time high of 6,006.
The 7000-markOn June 20, 2005, the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL, Reliance Energy, Reliance Capital and IPCL made huge gains. This helped the Sensex crossed 7,000 points for the first time.
The 8000-markOn 8th September 2005, the Bombay Stock Exchange's benchmark 30-share index -- the Sensex -- crossed the 8000 level following brisk buying by foreign and domestic funds in early trading.
The 9000-markThe Sensex on November 28, 2005 crossed the magical figure of 9000 to touch 9000.32 points during mid-session at the Bombay Stock Exchange on the back of frantic buying spree by foreign institutional investors and well supported by local operators as well as retail investors.
The 10,000-mark
The Sensex on February 6, 2006 touched 10,003 points during mid-session. The Sensex finally closed above the 10K-mark on February 7, 2006.
The 11,000-markThe Sensex on March 21, 2006 crossed the magical figure of 11,000 and touched a life-time peak of 11,001 points during mid-session at the Bombay Stock Exchange.
* During mid-session trading.
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2 comments:
Incredible run by sensex. india is one of high growth areas now, and the world is looking to it. chennai is set for huge growth since bangalore is getting overwhelmed. Coimbatore is next in line for huge growth. One of the main things India needs to do to grow quickly is privatise everything, privatise airports, railways, electricity and telephone. Get rid of slums like in Mumbai ehere the growth is getting stalled. Just relocate them elsewhere. cannot be soft anymore. follow chinese methods. Need to be tough.
I think India is riding through good times...
Pluck your luck and make some buck... ;-)
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