RSS Feed (xml)

Powered By

Skin Design:
Free Blogger Skins

Powered by Blogger

Wednesday, October 10, 2007

Sensex above 18k to reliance grp.

Again sensex hit a new milestone of 18000 on the back of huge liquidity, short covering in F&O and re-rating of various Sensex constituents. This is the second fastest rally in history of Indian markets and took just eight trading sessions to move from 17,000 to 18,000. The Sensex had taken six trading sessions to cover the journey from 16k to 17k. Sensex rose nearly 48% since October 09, 2006.
(some profit booking had tried to pull down markets below 17,500 in the last two days.)
Reliance grp has again showed their potential,
and added 382 points to this 1000 points rally and this is around 38% to total contribution (Reliance Industries – 185 points, Reliance Energy – 104 points and Reliance Communications – 93 points)

No comments: