New Delhi: Is this rally here to stay? Or are the bourses playing dirty with broker’s sentiments — it’s a question now on everybody’s mind even as markets witness, with sheer amazement, the Sensex climbing past 15,700 level — a record high in the history of Bombay Stock Exchange.

Sensex closed up 166.65 points or 1.07 per cent at 15,732.2, and the Nifty up 53.30 points or 1.17 per cent at 4,619.35 on the first trading day of the week. Leadership from capital goods was breath taking. BHEL, ABB, L&T were among the top gainers taking the markets to a new high.

BSE - Dalal Street

Analysts, brokers and market experts echoed similar views—strong confidence in the wide-based rally across scrips, which is here to stay. Gautam Shah Technical Analyst of JM Financial Services has a view that the market momentum is strong and Sensex level of 16000-plus likely. He adds that the short-term Sensex target of 16,200 is likely within next 2 weeks.

He also thinks that Nifty target of 4,700 is achievable and it may see routine 200-300 point correction, though no major dips are in sight.

United Spirits, Tata Sponge and GMR Infrastructure were among the top gainers on the indices.

BHEL, Bharti, Reliance, Grasim, L&T, HUL closed on all time high. The BSE Midcap Index ended at 6,849.12 up 13 points or 0.2%. The BSE Smallcap Index ended at 8,234.45 up 46 points or 0.6%.

The BSE Bankex was down 0.6% at 8,347.32. Union Bank, Kotak Mahindra, HDFC Bank, Bank of India, Allahabad Bank moved upwards. The BSE Capital Goods Index was up 4% at 13,596.20. BHEL, Areva T&D, ABB, Larsen, Gammon India, Punj Lloyd closed higher.

The BSE Health Care Index was down 0.8% at 3,798.44. Sterling Bio, Aventis Pharma, Matrix Lab, Sun Pharma closed lower. The BSE Auto Index closed at 5,186.46 up 1.2%. Exide Industrie, Bajaj Auto, Hero Honda, Apollo Tyres Cummins advanced.

The BSE Metal Index closed at 12,305.00 up 0.8%. Jindal Steel, JindalStainless, Sterlite Ind, Hindalco advanced. The BSE FMCG Index gained 2% at 1,867.94. United Spirits, United Brewerie, HUL, Nestle, Colgate closed higher.

BSE Oil and Gas Index closed at 8,210.63 up 1.2%. ONGC, Reliance Natura, Petronet LNG, GAIL ended in green. The BSE IT Index closed at 4,902.57 down 0.4%. Satyam, Patni Computer, I-Flex Solution, TCS, Tech Mahindra closed lower.

The NSE cash turnover was at Rs 10907.02 crore and the NSE F&O turnover was at Rs 51007.17 crore. The BSE cash turnover was Rs 4825.29 crore. Total market wide turnover was at Rs 66739.48 crore.

SENSEX CLIMB
14,000: December 5, 2006 The Sensex on December 5, 2006 crossed the magical figure of 14,000 to touch 14,028 points in early morning trade. It took 36 days for the Sensex to move from 13,000 to the 14,000 mark.
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.
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.
11,000, March 27, 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.
10,000, February 7, 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.
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.
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.
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, Reliance Energy, Reliance Capital and IPCL made huge gains. This helped the Sensex crossed 7,000 points for the first time.
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.
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.
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.
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.
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.
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.