The Indian bourses have moved from utter despair to absolute joy in a span of a few months. From a 52-week low of 2828 points in October 2002, the BSE Sensex zoomed almost 2000 points to about 4800 points, this October.

The rally has been sparked off by a myriad of positive developments: bountiful rain, the reforms push, strong corporate results, record forex reserves, massive FII investments, global economic recovery, healthy economic indicators, high projected GDP growth, low inflation, increased corporate competitiveness and cost-restructuring, buying interest across all sectors, and better corporate governance and investor protection laws.

The ongoing rally has been one of the greatest sources of joy in recent times; even retail investors are returning to the bourses.

Goddess Laxmi seems to be smiling at everyone.

Analysts see the rally going on for at least six months and the Sensex going well past 5000 points.

ALSO SEE: The Ten Richest Indians

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