« Readings: Bank NPAs, RBI & US Fed meetings this week, Gold prices
Readings: Morgan Stanley GSB, Sensex from 7k to 20k, RBI Macro review »

Sensex crosses 20000, Nifty close to 6000

Yet another set of record highs for the major Indian indices:

BSE Sensex 1-day chart S&P CNX Nifty-50 1-day chart
The BSE Sensex-30 closed up 3.8% after hitting an all-time intraday high of 20025, while the S&P CNX Nifty-50 index closed up 3.6% at 5900.

  • 2 stocks (L&T and ICICI Bank) accounted for ~50% of the 19k to 20k move.
  • 7-8 stocks (Reliance contributing 23%) accounted for ~50% of the 10k to 20k move.

Now here’s a headline the captures the (FII) sentiment: India gyrates as World and his wife want in.

Expect the wild ride to continue, as recent data show that the World, his wife, their milkman and the neighbourhood stray cat are all going long emerging markets at the same time.

 

This entry was posted on Monday, October 29th, 2007 at 4:10 pm and is filed under sensex. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Related Posts:

  • Sensex & Nifty: Targets, Statistics and such
  • BSE Sensex 30 at 20000
  • Update2: Sensex (Nifty) vs. Gold trade, 29% in 3 weeks
  • Update: Sensex vs. Gold trade, 23% in a week
  • Sensex & Nifty weakness
    •

    Comments are closed.