~BIZZ-WORLD~

It was a momentous day for the Indian markets on Monday as the benchmark index breezed past the 20,000 mark for the first time ever.

The Sensex hit an all-time high of 20,024 levels towards the fag end of the trading session, before settling at 19,977 levels, up 3.8 per cent or 734 points.

In broader markets, the Nifty moved up 3.6 per cent or 203 points to end the day at 5,905 levels.

“Post SEBI’s clarification on Promissory Notes (P-Note), I did not expect the markets to rise as much as they did. The rise has been spectacular,” said Jagdish Malkani, Member NSE.

“Markets have performed as per expectation. The current up move can take the Sensex to 20,800 – 21,200 levels,” added Hemen Kapadia, CEO, chartpundit.com.

The journey of last 10,000 points was covered in just 869 sessions as against 7,297 sessions taken to touch the 10,000 mark from 1,000 levels. In 2007 alone, there have been six 1,000-point rallies for the Sensex.

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The Indian markets achieved another milestone on Friday. The Sensex conquered the 19,000-mark. The Sensex exhibited high volatility in early trades. After opening with a positive gap of 53 points at 18,824, the index tumbled into red to a low of 18,630. The index rebounded sharply and rallied to a high of 19,047 — up 417 points from the day’s low.

Following is the timeline on the rise and rise of the Sensex through Indian stock market history.

1000, July 25, 1990

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.

2000, January 15, 1992

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.

3000, February 29, 1992

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.

4000, March 30, 1992

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.

5000, October 8, 1999

On October 8, 1999, the Sensex crossed the 5,000-mark as the BJP-led coalition won the majority in the 13th Lok Sabha election.

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The Sensex exhibited high volatility in early trades. After opening with a positive gap of 53 points at 18,824, the index tumbled into red to a low of 18,630. The index rebounded sharply and rallied to a high of 19,047 – up 417 points from the day’s low.

The index is now up 269 points at 19,040. The NSE Nifty is trading at 5,645, up 76 points.

Reliance Energy Tata Steel have surged over 3% each to Rs 1,699 and Rs 1,020, respectively.

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