Sensex ends above 20K and Nifty above 6K

by khalid on 21/09/2010 · 0 comments

Bombay Stock Exchange (BSE) is in cheer as 30-share sensitive index (Sensex) has passed over 20k mark today after a long 32 months gap. The Indian equities market is totally in the hand of FIIs and they are puping in huge amount of money for last some time. 20k is a psychologically-important point and now market is in move and may pass the all time high of the market which was 21200 in Jan 2008.

Soon after the opening bell at the Bombay Stock Exchange (BSE), the Sensex shot up to 20,088.96 points, and at the end of the day successfully closed above the 20k mark at 20,001.55 points.

Similarly the National Stock Exchange’s 50-share S&P CNX Nifty, passed over 6k mark and closed at 6008.25.

In the current month, FIIs have invested over $3 billion in the Indian equities market, taking their net buying of equities to $11.59 billion in the current calendar year, data with the markets watchdog Securities and Exchange Board of India showed. Demand for Indian equities is not restricted within India but the same buying interest has been seen in Indian ADR’s like Rediff and Sify which had made record gains of around 150 percent and 66 percent in the last 12 trading sessions.

Information technology stocks were the flavour of the day, while consumer goods scrips lost ground as per data on the 13 sector-specific indices of the exchange. The day also belonged to blue chips, as both the mid-cap and small cap stock indixes lost ground. TCS rose 4.63 per cent, Wipro added 3.4 per cent while Infosys advanced 1.75 per cent.

World stock markets clocked moderate gains today as hopes for more action by the Federal Reserve to prop up the U.S. economy extended Wall Street’s rally into a fourth week.
In New York on Monday, the Dow Jones industrial average rose 145.77 points, or 1.4 percent, to 10,753.62 in its highest close since May. The broader Standard & Poor’s 500 index rose 1.5 percent to 1,142.71. The Nasdaq composite rose 1.7 percent, to 2,355.83.

Related Posts Plugin for WordPress, Blogger...

Leave a Comment

Previous post:

Next post: