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Monday, October 15, 2007

Sensex takes just 4 days to reach 19,000 from 18,000

It took just four trading sessions for the Sensex to reach the 19,000 from the 18,000 level. Sensex had first touched 18,000 on 9 October 2007.

Earlier, it had taken eight trading sessions for the Sensex to reach 18,000 from 17,000 after it had first hit 17,000. Sensex had first hit 17,000 on 26 September 2007.

Easing of political worries and improved Index of Industrial Production (IIP) figures for August 2007 boosted the bourses today. Elections are still far away and the government has one-and-a-half years to complete, Prime Minister Manmohan Singh said on Friday, 12 October 2007. The prime minister said if the India-United States civil nuclear deal does not come through, it will be a disappointment. He said the government was trying to reconcile the divergent points of view on the issue within the ruling coalition. Dr. Singh said it is his hope that on the nuclear deal, common sense will ultimately prevail.

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