I remember there was a thread in MSN R2I forum about this. At that time sensex was below 10000 and many were sceptical about the 25K by 2010.
Today when I read the Sensex has crossed 15000 within 2 years of that thread was started....I wonder whether not only 25K but will BSE sensex travel much beyond that by 2010. And what do boarders think of it given how sensex has performed in last two years.
Sensex hits 15000 mark
Experts see bulls marching beyond 15000
Sensex 25000 by 2010 !!!
Sensex 25000 by 2010 !!!
The Sensex story: 1000 to 15000!
Despite weak global cues, Indian stocks were in great demand, especially auto, pharma, IT and metals stocks. On Friday, this lifted the Bombay Stock Exchange's benchmark 30-share Sensex past the magical 15,000-mark. (See below for the timeline).
The unprecedented Bull Run started on May 6, 2003 when the Sensex was at 3,001.21 level. In took just 67 trading sessions to cross the 4,000-mark and touch 4,026.27 points on August 19, 2003.
The rally continued and the index gained another 1,000 points in 54 trading sessions to post 5,068.66 points on November 3, 2003.
Thereafter, it pierced through the 6,000 mark on January 2, 2004 in another 43 trading sessions. The market then seemed to pause for breath as it took a whopping 370 trading sessions to cross the 7,000 mark, at 7001.55 on June 20, 2005.
From 7,000-mark, the sentiment turned distinctly firm following good liquidity that played a significant role to determine the market direction and Sensex crossed 8,000-mark in just 55 trading sessions at 8,060.26 on September 8, 2005 and 54 trading days to cross 9,000-mark at 9,005.63 on November 28, 2005.
From 9K to 10K, it took just 48 trading sessions. The index crossed 10,000-mark on February 6, 2006 at 10,002.83. From 10K to 11K, it only took 29 trading sessions. The Bombay Stock Exchange, the oldest stock exchange in Asia, was established in 1875 as the Native Share and Stock Brokers Association at Dalal Street [Get Quote] in Mumbai. A lot has changed since then when 318 persons became members upon paying Re 1. In 1956, the BSE obtained permanent recognition from the Government of India -- the first stock exchange to do so -- under the Securities Contracts (Regulation) Act, 1956.
The Sensex, first compiled in 1986, is a 'Market Capitalisation-Weighted' Index of 30 component stocks representing a sample of large and financially sound companies. The BSE-Sensex is the benchmark index of the Indian capital markets.
The BSE Sensex comprises these 30 stocks: ACC, Bajaj Auto [Get Quote], Bharti Tele, BHEL, Cipla, Dr Reddy's, Gujarat Ambuja [Get Quote], Grasim [Get Quote], HDFC [Get Quote], HDFC Bank, Mahindra & Mahindra, Hindalco [Get Quote], HLL [Get Quote], ICICI Bank [Get Quote], Infosys [Get Quote], ITC, L&T, Maruti [Get Quote], NTPC, ONGC [Get Quote], Ranbaxy [Get Quote], Reliance, Reliance Energy [Get Quote], Satyam [Get Quote], SBI [Get Quote], Tata Motors [Get Quote], Tata Power [Get Quote], TCS [Get Quote], Tata Motors and Wipro [Get Quote].
Following is the timeline on the rise and rise of the Sensex through Indian stock market history.
1000, July 25, 1990
On July 25, 1990, the Sensex touched the magical four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results.
2000, January 15, 1992
On January 15, 1992, the Sensex crossed the 2,000-mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken by the then finance minister and current Prime Minister Dr Manmohan Singh.
3000, February 29, 1992
On February 29, 1992, the Sensex surged past the 3000 mark in the wake of the market-friendly Budget announced by the then Finance Minister, Dr Manmohan Singh.
4000, March 30, 1992
On March 30, 1992, the Sensex crossed the 4,000-mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling.
5000, October 8, 1999
On October 8, 1999, the Sensex crossed the 5,000-mark as the BJP-led coalition won the majority in the 13th Lok Sabha election.
6000, February 11, 2000
On February 11, 2000, the infotech boom helped the Sensex to cross the 6,000-mark and hit and all time high of 6,006.
7000, June 20, 2005
On June 20, 2005, the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL [Get Quote], Reliance Energy, Reliance Capital [Get Quote] and IPCL [Get Quote] made huge gains. This helped the Sensex crossed 7,000 points for the first time.
8000, September 8, 2005
On September 8, 2005, the Bombay Stock Exchange's benchmark 30-share index -- the Sensex -- crossed the 8000 level following brisk buying by foreign and domestic funds in early trading.
9000, November 28, 2005
The Sensex on November 28, 2005 crossed the magical figure of 9000 to touch 9000.32 points during mid-session at the Bombay Stock Exchange on the back of frantic buying spree by foreign institutional investors and well supported by local operators as well as retail investors.
10,000, February 6, 2006
The Sensex on February 6, 2006 touched 10,003 points during mid-session. The Sensex finally closed above the 10K-mark on February 7, 2006.
11,000, March 21, 2006
The Sensex on March 21, 2006 crossed the magical figure of 11,000 and touched a life-time peak of 11,001 points during mid-session at the Bombay Stock Exchange for the first time. However, it was on March 27, 2006 that the Sensex first closed at over 11,000 points.
12,000, April 20, 2006 The Sensex on April 20, 2006 crossed the 12,000-mark and closed at a peak of 12,040 points for the first time.
13,000, October 30, 2006 The Sensex on October 30, 2006 crossed the magical figure of 13,000 and closed at 13,024.26 points, up 117.45 points or 0.9%. It took 135 days for the Sensex to move from 12,000 to 13,000 and 123 days to move from 12,500 to 13,000.
14,000, December 5, 2006 The Sensex on December 5, 2006 crossed the 14,000-mark to touch 14,028 points. It took 36 days for the Sensex to move from 13,000 to the 14,000 mark.
15,000, July 6, 2007 The Sensex on July 6, 2007 crossed the magical figure of 15,000 to touch 15,005 points in afternoon trade. It took seven months for the Sensex to move from 14,000 to 15,000 points.
Despite weak global cues, Indian stocks were in great demand, especially auto, pharma, IT and metals stocks. On Friday, this lifted the Bombay Stock Exchange's benchmark 30-share Sensex past the magical 15,000-mark. (See below for the timeline).
The unprecedented Bull Run started on May 6, 2003 when the Sensex was at 3,001.21 level. In took just 67 trading sessions to cross the 4,000-mark and touch 4,026.27 points on August 19, 2003.
The rally continued and the index gained another 1,000 points in 54 trading sessions to post 5,068.66 points on November 3, 2003.
Thereafter, it pierced through the 6,000 mark on January 2, 2004 in another 43 trading sessions. The market then seemed to pause for breath as it took a whopping 370 trading sessions to cross the 7,000 mark, at 7001.55 on June 20, 2005.
From 7,000-mark, the sentiment turned distinctly firm following good liquidity that played a significant role to determine the market direction and Sensex crossed 8,000-mark in just 55 trading sessions at 8,060.26 on September 8, 2005 and 54 trading days to cross 9,000-mark at 9,005.63 on November 28, 2005.
From 9K to 10K, it took just 48 trading sessions. The index crossed 10,000-mark on February 6, 2006 at 10,002.83. From 10K to 11K, it only took 29 trading sessions. The Bombay Stock Exchange, the oldest stock exchange in Asia, was established in 1875 as the Native Share and Stock Brokers Association at Dalal Street [Get Quote] in Mumbai. A lot has changed since then when 318 persons became members upon paying Re 1. In 1956, the BSE obtained permanent recognition from the Government of India -- the first stock exchange to do so -- under the Securities Contracts (Regulation) Act, 1956.
The Sensex, first compiled in 1986, is a 'Market Capitalisation-Weighted' Index of 30 component stocks representing a sample of large and financially sound companies. The BSE-Sensex is the benchmark index of the Indian capital markets.
The BSE Sensex comprises these 30 stocks: ACC, Bajaj Auto [Get Quote], Bharti Tele, BHEL, Cipla, Dr Reddy's, Gujarat Ambuja [Get Quote], Grasim [Get Quote], HDFC [Get Quote], HDFC Bank, Mahindra & Mahindra, Hindalco [Get Quote], HLL [Get Quote], ICICI Bank [Get Quote], Infosys [Get Quote], ITC, L&T, Maruti [Get Quote], NTPC, ONGC [Get Quote], Ranbaxy [Get Quote], Reliance, Reliance Energy [Get Quote], Satyam [Get Quote], SBI [Get Quote], Tata Motors [Get Quote], Tata Power [Get Quote], TCS [Get Quote], Tata Motors and Wipro [Get Quote].
Following is the timeline on the rise and rise of the Sensex through Indian stock market history.
1000, July 25, 1990
On July 25, 1990, the Sensex touched the magical four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results.
2000, January 15, 1992
On January 15, 1992, the Sensex crossed the 2,000-mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken by the then finance minister and current Prime Minister Dr Manmohan Singh.
3000, February 29, 1992
On February 29, 1992, the Sensex surged past the 3000 mark in the wake of the market-friendly Budget announced by the then Finance Minister, Dr Manmohan Singh.
4000, March 30, 1992
On March 30, 1992, the Sensex crossed the 4,000-mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling.
5000, October 8, 1999
On October 8, 1999, the Sensex crossed the 5,000-mark as the BJP-led coalition won the majority in the 13th Lok Sabha election.
6000, February 11, 2000
On February 11, 2000, the infotech boom helped the Sensex to cross the 6,000-mark and hit and all time high of 6,006.
7000, June 20, 2005
On June 20, 2005, the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL [Get Quote], Reliance Energy, Reliance Capital [Get Quote] and IPCL [Get Quote] made huge gains. This helped the Sensex crossed 7,000 points for the first time.
8000, September 8, 2005
On September 8, 2005, the Bombay Stock Exchange's benchmark 30-share index -- the Sensex -- crossed the 8000 level following brisk buying by foreign and domestic funds in early trading.
9000, November 28, 2005
The Sensex on November 28, 2005 crossed the magical figure of 9000 to touch 9000.32 points during mid-session at the Bombay Stock Exchange on the back of frantic buying spree by foreign institutional investors and well supported by local operators as well as retail investors.
10,000, February 6, 2006
The Sensex on February 6, 2006 touched 10,003 points during mid-session. The Sensex finally closed above the 10K-mark on February 7, 2006.
11,000, March 21, 2006
The Sensex on March 21, 2006 crossed the magical figure of 11,000 and touched a life-time peak of 11,001 points during mid-session at the Bombay Stock Exchange for the first time. However, it was on March 27, 2006 that the Sensex first closed at over 11,000 points.
12,000, April 20, 2006 The Sensex on April 20, 2006 crossed the 12,000-mark and closed at a peak of 12,040 points for the first time.
13,000, October 30, 2006 The Sensex on October 30, 2006 crossed the magical figure of 13,000 and closed at 13,024.26 points, up 117.45 points or 0.9%. It took 135 days for the Sensex to move from 12,000 to 13,000 and 123 days to move from 12,500 to 13,000.
14,000, December 5, 2006 The Sensex on December 5, 2006 crossed the 14,000-mark to touch 14,028 points. It took 36 days for the Sensex to move from 13,000 to the 14,000 mark.
15,000, July 6, 2007 The Sensex on July 6, 2007 crossed the magical figure of 15,000 to touch 15,005 points in afternoon trade. It took seven months for the Sensex to move from 14,000 to 15,000 points.
Sensex 25000 by 2010 !!!
Sounds similar to "Dow 20000" calls by people like James Glassman back in bull days. Time for a contrarian play ? :)
Sensex 25000 by 2010 !!!
anand1;32732Sounds similar to "Dow 20000" calls by people like James Glassman back in bull days. Time for a contrarian play ? :)
I think it was "Dow 36000' call:rolleyes:
Sensex 25000 by 2010 !!!
reminds me that many contrarians are nursing their losses in India.....last couple of years have swept every contrarian with the bull wave in India...
Sensex 25000 by 2010 !!!
Probably same in US. Whether it is a bull or not, it keeps going up and up.
One day it looks all gloomy and another day it is all boomy.
It may not be relevant in this thread but are there any theories how the market comes down after a peak ? It is still amazing how it all came down after that bull run. How much of it has to do with some well respected market gurus and timers giving sell calls ?
One day it looks all gloomy and another day it is all boomy.
It may not be relevant in this thread but are there any theories how the market comes down after a peak ? It is still amazing how it all came down after that bull run. How much of it has to do with some well respected market gurus and timers giving sell calls ?
Sensex 25000 by 2010 !!!
This prediction is for sensex 50K by 2020 by Morgn Stanley
http://economictimes.indiatimes.com/Sensex_to_cross_50000_mark_by_2020/articleshow/2186378.cms
http://economictimes.indiatimes.com/Sensex_to_cross_50000_mark_by_2020/articleshow/2186378.cms
Sensex 25000 by 2010 !!!
25000 level within 3 years?
In last four financial years, the sensex has improved at an annual growth rate 44% from 3048 as on March 31, 2003 to 13,072 on the last trading day of the last financial year. In the last two years also, the sensex grew at 42% compounded annually. However, in 2006-07, the sensex improved by only 16% from 11,280. But, in the last over 3 months, the index has increased by 15%.
Huge success of public offers worries Rakesh Jhunjhunwala
Big Bull Rakesh Jhunjhunwala is raising concerns about the short-term direction of the Indian stock market.
Addressing an audience of about 200 brokers here on Tuesday, Jhunjhunwala said, ?I am circumspect and rather careful about the market for the next six months.?
He says he is concerned about the way Indian initial public offerings (IPOs) are getting huge subscriptions not only in India, but globally.
Jhunjhunwala was talking at the launch of India?s Leading Equity Broking Houses 2007, a publication of Dun & Bradstreet, a business information providing firm.
The recently concluded domestic follow-on offer of ICICI Bank Ltd attracted close to Rs1 trillion against an issue size of about Rs9,000 crore.
In mid-June, New Delhi-based realty firm DLF Ltd?s Rs9,500 crore IPO was subscribed three-and-a-half times. Dozens more IPOs, including those in real estate, are on the cards.
In early 2005, when India?s benchmark stock market index Sensex was hovering around 6,000 point levels, Jhunjhunwala surprised investors by predicting that it will go up to 25,000 by 2009. Two years since that prediction, the benchmark index has been hovering around 14,500 levels. It reached its lifetime high of 14,723.88 on 9 February.
Over the past month, the 30-stock Sensex has risen marginally from 14,397 points to close at 14,43.06 on Wednesday. The broad-based 50-stock S&P CNX Nifty has risen from 4,256 levels to 4,263 during this time.
In last four financial years, the sensex has improved at an annual growth rate 44% from 3048 as on March 31, 2003 to 13,072 on the last trading day of the last financial year. In the last two years also, the sensex grew at 42% compounded annually. However, in 2006-07, the sensex improved by only 16% from 11,280. But, in the last over 3 months, the index has increased by 15%.
Huge success of public offers worries Rakesh Jhunjhunwala
Big Bull Rakesh Jhunjhunwala is raising concerns about the short-term direction of the Indian stock market.
Addressing an audience of about 200 brokers here on Tuesday, Jhunjhunwala said, ?I am circumspect and rather careful about the market for the next six months.?
He says he is concerned about the way Indian initial public offerings (IPOs) are getting huge subscriptions not only in India, but globally.
Jhunjhunwala was talking at the launch of India?s Leading Equity Broking Houses 2007, a publication of Dun & Bradstreet, a business information providing firm.
The recently concluded domestic follow-on offer of ICICI Bank Ltd attracted close to Rs1 trillion against an issue size of about Rs9,000 crore.
In mid-June, New Delhi-based realty firm DLF Ltd?s Rs9,500 crore IPO was subscribed three-and-a-half times. Dozens more IPOs, including those in real estate, are on the cards.
In early 2005, when India?s benchmark stock market index Sensex was hovering around 6,000 point levels, Jhunjhunwala surprised investors by predicting that it will go up to 25,000 by 2009. Two years since that prediction, the benchmark index has been hovering around 14,500 levels. It reached its lifetime high of 14,723.88 on 9 February.
Over the past month, the 30-stock Sensex has risen marginally from 14,397 points to close at 14,43.06 on Wednesday. The broad-based 50-stock S&P CNX Nifty has risen from 4,256 levels to 4,263 during this time.
Sensex 25000 by 2010 !!!
The euphoria is just unbelievable....everyone expects sensex to be at 25k + in 3 years....Morgan Stanley have added fuel to the fire...
Sensex may cross 50000 mark by 2020
Sensex to cross 50k by 2020?
Sensex may cross 50000 mark by 2020
Sensex to cross 50k by 2020?