BSE SENSEX Hits 10,000!!

Today the BSE SENSEX crossed the magical and historical figure of 10,000. The markets bounced back on short covering and fund based buying in frontline and heavyweight stocks.

The BSE Sensex comprises these 30 stocks: ACC, Bajaj Auto, Bharti Tele, BHEL, Cipla, Dr Reddy's, Gujarat Ambuja, Grasim, HDFC, HDFC Bank, Hero Honda, Hindalco, HLL, ICICI Bank, Infosys, ITC, L&T, Maruti, NTPC, ONGC, Ranbaxy, Reliance, Reliance Energy, Satyam, SBI, Tata Motors, Tata Power, TCS, Tata Motors and Wipro.

The rally in index heavyweights like Reliance Industries, ICICI Bank, ITC, and Infosys triggered the Sensex's sharp rise today.

Although local investors have been worried about the record-high levels barrring a few of them, overseas investors have been pumping in money into the Indian Markets, driving the indices to new highs regularly. The net FII inflow in January 2006 aggregated to over Rs.3,000 Crore. A recent pick-up in foreign investment has booted the market. In two trading sessions, on 1 February and 2 February 2006, FIIs pumped in more than Rs.500crore. FIIs pumped had in a little over $ 10 billion in Indian stock markets in the year 2005.