When was sensex 8000

See below for the timeline This is the fastest 1,point gain by the Sensex. It only took 15 trading sessions for the index to cross from 11, to 12, Interestingly, the Sensex has taken only 10 months to gain 5, points! The unprecedented Bull Run started on May 6, when the Sensex was at 3, In took just 67 trading sessions to cross the 4,mark and touch 4, The rally continued and the index gained another 1, points in 54 trading sessions to post 5, October 11 will remain as one of the major milestones in the journey of the Indian securities market with the Nifty touching the 18, level, though it failed to hold on to it in the face of a spurt in selloff by FIIs.

The market has seen a remarkable journey in the last one-and-a-half-year period as it has been crossing every milestone despite any major correction. The BSE Sensex, too, crossed the 60, mark on the same day. That every correction has been giving more power to the market, which resulted into percent gains for the Nifty50 from March lows till the current 18, mark. Almost every sector has seen aggressive participation in this bulls party, while the run-up in the broader market was much higher than frontline indices.

Even the last 8,point rally from 10, to 18, between June 3, and October 11, was robust as it created more than multibaggers and more than 96 percent stocks in the Nifty50 closed higher. A multibagger is an equity stock that gives a return of more than percent. The stunning journey up to 18, largely attributed to the improving corporate profitability and economic data points with expected strong festive season, money from foreign as well as domestic investors, reforms by the government, financial stability maintained by the RBI, record tax collections etc, though there is an inflation threat and risk of Fed tapering.

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