Monday, October 29, 2007

Markets on a Rampage

The Bse Sensex just closed below 20,000 points & the Nifty close at 5905 points

Reliance stocks were the major gainers followed by Sbi & others

Now the question comes for how long will this party continue ?







The market crossed yet another milestone today! Ahead of the Credit Policy announcement expected tomorrow and the Fed meet on October 31, the Sensex closed at an all-time high, after hitting the 20,000 mark in late trade today. It closed at 19,977, up 734 points from the previous close. It was the third biggest single day absolute gain for the BSE 30-share index. The Nifty ended the day at 5900, up 198 points. The 50-share index also touched an all-time intra-day high of 5922 today. The leaders of the rally were capital goods stocks, along with oil & gas, metals, banking and realty. Sensex gainers for the day included L&T, HDFC, BHEL, ONGC and HDFC Bank

No comments: