The document outlines key milestones for the Sensex index in India, providing the date and drivers for when the index reached certain levels from 1,000 to 21,000 points. Major drivers included good monsoons and corporate results in the early 1990s, market-friendly economic reforms and budgets, the technology boom of the late 1990s and 2000s, various corporate deals and earnings reports, and heavy foreign institutional investment inflows driving the index to new highs in the later 2000s. However, the index saw a heavy fall in 2010 due to corruption allegations like the 2G spectrum scandal.
The document outlines key milestones for the Sensex index in India, providing the date and drivers for when the index reached certain levels from 1,000 to 21,000 points. Major drivers included good monsoons and corporate results in the early 1990s, market-friendly economic reforms and budgets, the technology boom of the late 1990s and 2000s, various corporate deals and earnings reports, and heavy foreign institutional investment inflows driving the index to new highs in the later 2000s. However, the index saw a heavy fall in 2010 due to corruption allegations like the 2G spectrum scandal.
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The document outlines key milestones for the Sensex index in India, providing the date and drivers for when the index reached certain levels from 1,000 to 21,000 points. Major drivers included good monsoons and corporate results in the early 1990s, market-friendly economic reforms and budgets, the technology boom of the late 1990s and 2000s, various corporate deals and earnings reports, and heavy foreign institutional investment inflows driving the index to new highs in the later 2000s. However, the index saw a heavy fall in 2010 due to corruption allegations like the 2G spectrum scandal.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online from Scribd
1,000 July 25, 1990 Good monsoon and excellent corporate results. Liberal economic policy initiatives undertaken by the then finance Minister, Dr Manmohan 2,000 January 3, 1992 Singh. 3,000 February 29, 1992 Market-friendly Budget by the then Finance Minister, Dr Manmohan Singh. 4,000 March 30, 1992 Liberal export-import policy. 5,000 October 8, 1999 BJP-led coalition won the majority. 6,000 February 11, 2000 Infotech boom 7,000 June 20, 2005 News of the settlement between the Ambani brothers boosted investor sentiments 8,000 September 8, 2005 Buying by foreign and domestic funds 9,000 November 28, 2005 FIIs on buying Spree. 10,000 February 6, 2006 Buying from FIIs, Local operators and retail investors Robust foreign fund inflows and a move by Government towards greater capital account 11,000 March 21, 2006 convertibility. Massive buying from mutual funds around Rs.3400 cr. in just 19 trading sessions, favorable 12,000 April 20, 2006 credit policy. Expectation of robust fourth quarter earnings by corporate and S&P upgrading India’s sovereign credit rating from stable to positive Fund infusion from market players, falling oil prices and strong second quarter results from 13,000 October 30, 2006 Technology and Banking companies. Robust growth in infrastructure sector. Strong FII inflow, healthy corporate earnings and continued strong economic data coupled 14,000 December 5, 2006 with slash in petrol and diesel prices have fuelled the latest surge on the bourses. The softening trend in inflation below the five per cent level, indications of interest rates 15,000 July 6, 2007 having peaked, strong FII inflows and expectations of good quarterly results. US fed rate cut by 50 basis point, strong foreign fund inflows, softening trend in inflation 16,000 September 19, 2007 below the four per cent level and Good Kharif crop. 17,000 September 26, 2007 Robust FII inflows and positive sentiments across the boards. Strong FII Inflows and short covering due to easing of political tension between LEFT and 18,000 October 09, 2007 UPA over the Nuclear Deal. Strong fund flow and expectation of good quarterly result from companies has fuelled this 19,000 October 15, 2007 leg of rally. Strong FII buying coupled with short covering led to sharp up move. Registering of FII and 20,000 October 29, 2007 P notes issue clarification has put momentum into Sensex. Expectation of excellent quarterly result and strong forward momentum has played major 21,000 January 08, 2008 role.
But a Heavy Fall in in 2010 due to the 2G Spectrum and other Corruption allegations