The benchmark index BSE - Sensex touches new heights on Monday 04.01.2010 and closes at 17558.73 with a rise of 93.92 points and touches 18 months high because of high global hues and strong buying in IT stocks and consumer durables stocks. There was a fear among investors that RBI may strengthen the monetary policies because of high inflation figures but market ignores all these worries and continue its running on the bull track and followed footprints of global markets and continued the surge of December.
Swinging 953.16 points ( Highest 17530.94 on 31st Dec. 2009 and lowest 16577.78 on 21st Dec. 2009), showing volatility, benchmark index touched its peak point 17530.94 on the last trading day of month and year. Closing at 17464.81 on 31st Dec. sensex displayed a high of 538.59 points over the Nov. closing. Nifty also touched 5200 level first time in last 18 months and closes at 5232.20.
FMCG and banking scripts were not in mood of celebration of new year with SENSEX and as a result of this BSE-FMCG & BSE-Bankex were down by 2.8% and 0.11% respectively while on other hand IT and CD scripts were in full mood of saying happy new year 2010 and made another record of high of in BSE-IT and BSE-CD gaining 9.02% and 8.48% respectively. The other remaining indices closes at a average gain of approx 1.83% to 8.26%.
I hope to see few more peaks in Jan 2010 because of optimistic economic outlook and very strong performance in Q3 results (corporate earnings). One more thing that market could also see some new high in terms of volumes because of extended trading hours.
Swinging 953.16 points ( Highest 17530.94 on 31st Dec. 2009 and lowest 16577.78 on 21st Dec. 2009), showing volatility, benchmark index touched its peak point 17530.94 on the last trading day of month and year. Closing at 17464.81 on 31st Dec. sensex displayed a high of 538.59 points over the Nov. closing. Nifty also touched 5200 level first time in last 18 months and closes at 5232.20.
FMCG and banking scripts were not in mood of celebration of new year with SENSEX and as a result of this BSE-FMCG & BSE-Bankex were down by 2.8% and 0.11% respectively while on other hand IT and CD scripts were in full mood of saying happy new year 2010 and made another record of high of in BSE-IT and BSE-CD gaining 9.02% and 8.48% respectively. The other remaining indices closes at a average gain of approx 1.83% to 8.26%.
I hope to see few more peaks in Jan 2010 because of optimistic economic outlook and very strong performance in Q3 results (corporate earnings). One more thing that market could also see some new high in terms of volumes because of extended trading hours.
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