Sensex on a frenzy, hits 20,000 mark

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Mumbai, Oct 29: The BSE sensitive index hit an all-time high of 20,000 today afternoon. Opening with a gain of 378 points, it flirted with 20,000 through-out the morning.

Opeing at an all-time high of 19,621.39 points from it last close of 19,243.17 points on sustained heavy speculative demand from FIIs and some Mutual Fund operators.

Sensex had reached the magical figure of 19000 mark barely 2 weeks back. Just 15 days before that had struck 18,000 points.

Sensex: Road to 20 K - When was it?

20,000 Oct 29, 2007
19,000 Oct 15, 2007
18,000 Oct 9, 2007
17,000 Sep 26, 2007
15,000 July 6, 2007
14,000 Dec 5, 2006
13,000 Oct 30, 2006
12,000 Apr 20, 2006
11,000 Mar 21, 2006
10,000 Feb 6, 2006
9,000 Nov 28, 2005
8,000 Sep 8, 2005
7,000 Jun 20, 2005
5,000 Oct 8, 1999

Brokers said, ''Market continued its upward rally to hit an all-time high in the early trade amid expectations that the US Federal Reserve will cut interest rates this week and ease monetary policy further in the coming months. Capital goods stocks surged.

Bharat Heavy Electricals, Larsen&Toubro and NTPC hit all-time highs. Reliance Industries edged higher. Asian markets were firm today. US stocks advanced on Friday (October 26, 2007).

The current BSE Sensex is still up by 609.51 points or 3.41 per cent at 19,852.68. It opened with an upward gap of 378.22 points at 19,621.39 and soon rose to strike an all-time high of 19,859.47 in early trade. At day's high of 19,859.47, Sensex had gained 616.3 points.

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