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Dalal Street

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3.0

Summary

Dalal Street
Feb 07, 2006 10:32 AM, 3488 Views
(Updated Feb 07, 2006)
India at 10,000!

At exactly 3.14 pm on 6th February, 2006 all of india went crazy.There was no other option.The 30 stock BSE Sensex had touched 10, 000.And to think that only in 1990 Sensex was hovering around a 1000 points.And feeling rather bullish about it.Imagine, in the last 35 days Sensex has upped by 1000 points.Its a dream from which no one wants to ever wake up.India is rich, india is gaining.Everyone including the FIIs think that India is a great place to put all their resources in.The latest bull run was fuelled by activity from investors based in Japan and the Gulf.Though IT major Infosys is still top scrip as is SBI, the D-day saw other gainers.The biggest spurt of 6.4% was in the value of ICICI Bank and around 5% for Ranbaxy.Cipla did well too.Indeed indian stock markets are going through a dream phase.Values of certain shares have shot up as many as 500%.It has been a period of robust growth for our great nation which has clocked rates of 7.5-8% in the current fiscal year.It is being hoped that our genius Finance Minister Mr P.Chidambaram will create another epic budget for the country which will further fuel our spectacular bumper growth.Mera Bharat Mahan and Sare Jahan Se Achcha!

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