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.
