~BIZZ-WORLD~

Bombay Stock benchmark index Sensex surged 1.81 per cent or 360 points to register a new closing high of 20,290 levels on Tuesday. The sensitive index touched an all time high of 20,333 in the intra-day deals.

In the broader markets Nifty also closed above 6,000 levels for the first time in the history. The 50-share index touched a new high of 6,111 before ending the trading day at 6,097.

Nifty made a substantial gain of 2.29 per cent or 136 points on Tuesday. BSE Small Cap index also surged 1.19 per cent to 11,667 levels. Buying was visible in real estate and banking counters.

“After seeing the way midcap and index heavyweights counters has rallied, indices are headed for a breakout, going forward I am looking at 21,300 on the Sensex and 6,350 levels for the Nifty,” Shruti Meghani, Technical Analyst at Karvy Stock Broking said.

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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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