September 27th, 2007
17K and ZOOMING UP!!!!!
Last 7 days have been a mini Diwali for all the Indians.
1st we saw Sensex Touching 16k
Then, we saw the Stupendous performance of Young Dhoni Brigade at South Africa.
Then we witnessed zealous Procession of Ganpati Immersion and
Now it was Sensex again to kiss the 17K mark.
The Sensex Journey.
Points /Touched on date
1000 25th July 1990
2000 15th Jan 1992
3000 29th Feb 1992
4000 30th March 1992
5000 8th Oct 1999
6000 11th Feb 2000
7000 20th June 2005
8000 8th Sept 2005
9000 28th Nov 2005
10000 6th Feb 2006
11000 21st March 2006
12000 20th April 2006
13000 30th Oct 2006
14000 5th Dec 2006
15000 6th July 2007
16000 19th Sept 2007
17000 26th Sept 2007
Wednesday seems to be the luckiest day for Sensex. Last Wednesday Sensex got 16k and this Wednesday it kissed 17k..
The major Contributor for the growth have been Reliance Industries (256 points), Bharti Airtel(99 points) and L&T (79 points).
The Week saw a Whopping 14,700 crores of FII’s. So it seems there is still lot of potential for the northwards journey of Sensex. So Indian market is the Juicy destination for all the Firangee’s (Foreigners).
Also Mukesh Ambani is the richest Indian to the date and his net worth has crossed Rs. 2lac crores ($50 billion), and he is beleived to be just behind Bill gates, Warren Buffet and Carlos Helu.
CAVEAT EMPTOR
The last time BSE saw a sudden spurt in the year 1992, the Harshad Mehta Scam came to light.. Hope this is not a sign of another scam.
Regards
Tushar
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