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Rediff.com  » Business » Sensex breaches the historic 10,000-mark

Sensex breaches the historic 10,000-mark

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Last updated on: February 06, 2006 17:11 IST

India's stock market benchmark Sensex on Monday pierced through the magical 10,000 points level for the first time on aggressive buying by funds.

The market barometer was at 10,002.83 points, higher by 260.25 points. Similarly, wide-based National Stock Exchange index Nifty spurted by 66.55 points to set a record high of 3007.15.

The Sensex finally settled with a huge gain of 2.4% (238 points) at a record high of 9,980.

The Nifty surged by 60 points to close at 3,000.

The Sensex journey: 1,000 to 10,000!

The Bombay Stock Exchange's 30-sensitive index (Sensex) which set an intra-day high at 9993.92 points on February 1, remained sluggish thereafter and touched a low of 9,713 points before completing the last lag of its journey to the historic 10K level today.

The major support to the Sensex came from Reliance Industries, Infosys, ICICI Bank, ACC, Bajaj Auto, Housing Development Finance Corporation and Larsen and Toubro.

Any change in the share prices of Reliance Industries, Infosys Tech and ICICI Bank changes the market scenario as the trio enjoy over 30 per cent weightage on the index.

Major Gainers
ICICI Bank rallied 6.4% to Rs 607. HDFC moved up 2.5% to Rs 1,338, and HDFC Bank added 1.7% to Rs 745. SBI was up nearly 1% at Rs 865.

Ranbaxy soared over 6% to Rs 414 following the company's announcement that it has formed a JV with a South African firm to tap the African market. Dr.Reddy's and Cipla moved up 2.6% each to Rs 1,190 and Rs 496, respectively.

Reliance gained 3.4% to Rs 720. ONGC ended with a gain of 2.5% at Rs 1,191. ITC surged 2.7% to Rs 157, and HLL advanced over 2% to Rs 194.

TCS rallied 3% to Rs 1,680. Infosys gained over 2% at Rs 2,845 and Satyam added 1.8% to Rs 739. Wipro, however, ended a tad lower at Rs 514.

The BSE Bankex zoomed over 3% (162 points) to 5164. The BSE Healthcare Index also moved up over 3% (113 points) to 3478. The BSE FMCG, Oil & Gas indices closed with gains of over 2% each today. The BSE Teck index gained 1.5% (35 points) to 2,442.

Advances were ahead of declines - out of 2,570 scrips traded, 1,443 moved up, 1,071 declined and 56 were unchanged today.

While 302 scrips hit their respective upper limits, 177 hit the lower circuits today.

The 10,000 point saga...
Index

Launched

Strike Date

Timeframe

Sensex 1986 6-Feb-2006

20 years

Karachi SE 100 1991 15-Mar-05

14 years

DJIA 1896 12-Mar-1999

103 years

Hang Seng 1964 10-Dec-1993

29 years

Nikkei 225 1949 10-Jan-1984

35 years

Source:
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