Hurray!!! Sensex crossed 8000.....

nkpanjiyar · #1 8th September 2005, 11:07 AM

Quote:

Sensex breaches 8000-mark

September 08, 2005 11:02 IST

The Bombay Stock Exchange's benchmark 30-share index -- the Sensex -- crossed the 8000 level on brisk buying by foreign and domestic funds.

The BSE Sensex, supported by blue chips like Infosys, Reliance Industries, Satyam Computers Reliance Energy and Tata Motors, was ruling at 8,009.00, up 62.22 points or +0.78% over its Tuesday's close of 7947 at 10.30 am.

Marketman said the Sensex took almost 55 days to travel to 8,000 level from 7,000 mark as foreign funds remained agressive buyers in index related shares.

The markets opened, after a day's holiday on Wednesday due to Ganesh Chaturthi, with a small positive gap of 16 points at 7,963, and then continued to move up.

The NSE Nifty too was scaling new heights at 2,445.35, having risen 16.70 points or +0.69% over its previous close.

The broad market was steady, with banking, IT, PSU and FMCG stocks trading at modest gains.
Source: Rediff News

Saint, Joy, cremeee, Ravi, AMITBE, Supratik, plz build up the portfolio at 8000

cheers,
nkpanjiyar

Saint · #2 8th September 2005, 11:20 AM

Quote:

Originally Posted by nkpanjiyar

Saint, Joy, cremeee, Ravi, AMITBE, Supratik, plz build up the portfolio at 8000

cheers,
nkpanjiyar

Hi nkpanjiyar,
Would like a pullback from here,after which it will be great to build a portfolio with possible higher prices.For now,waiting and watching......and managing the existent ones in the portfolio.

Saint

AMITBE · #3 8th September 2005, 02:38 PM

Quote:

Originally Posted by nkpanjiyar

Saint, Joy, cremeee, Ravi, AMITBE, Supratik, plz build up the portfolio at 8000

cheers,
nkpanjiyar

Hi nkpanjiyar..yes I agree with saint. A pull back is vital at this stage before things go too out of hand. When the fall comes, it would leave a great number of traders stranded and trapped at high levels.
There'll be many good picks following a correction. Will check and post.
Trade with caution.
Regards.

creameeee · #4 8th September 2005, 03:14 PM

Congrats To All Hopefully Many More Milestones To B Crossed

ravi t · #5 8th September 2005, 03:18 PM

CONGRATULATIONS everyone..
and as is very well said and observed by all the experienced investors/trader/members over here "Be cautious and safegaurd your interest". No need to do anything heroic over here.
regards
RAVI T
(Its your money invest it intelligently)

nkpanjiyar · #6 8th September 2005, 07:39 PM

Quote:

Originally Posted by saint

Hi nkpanjiyar,
Would like a pullback from here,after which it will be great to build a portfolio with possible higher prices.For now,waiting and watching......and managing the existent ones in the portfolio.
Saint

Quote:

Originally Posted by AMITBE

Hi nkpanjiyar..yes I agree with saint. A pull back is vital at this stage before things go too out of hand. When the fall comes, it would leave a great number of traders stranded and trapped at high levels.
There'll be many good picks following a correction. Will check and post.
Trade with caution.
Regards.

Quote:

Originally Posted by creameeee

Congrats To All Hopefully Many More Milestones To B Crossed

Quote:

Originally Posted by ravi t

CONGRATULATIONS everyone..
and as is very well said and observed by all the experienced investors/trader/members over here "Be cautious and safegaurd your interest". No need to do anything heroic over here.
regards
RAVI T
(Its your money invest it intelligently)

Fingers are crossed my friends... A bit cautious too... But bullish toooo.... I am just recalling someone has said that Sensex will cross 10,000 mark by year end... Thanks everyone for giving a pragmatic piece of advice... sure corrections are due ... lets see to what extent... till then let us guide each other in this bullish jungle

cheers
nkpanjiyar

karthikmarar · #7 8th September 2005, 08:22 PM

ya .. it is a euphoric moment

I am also bursting with enthusiasm to put into use all the new things I learnt in this wonderful forum....but would rather wait for the correction.

. For now, following Saint.... Waiting and Watching.

regards

karthik

stockfreak · #8 9th September 2005, 02:21 PM

YUP looks good and jolly, but but be frank a downfall is somewhere right in front of us, according to UBS & CLSA technicals, we can witness a 300 pts correction from current levels but in the mid term they are extremely bullish.

HANG ON EVERYBODY WE ARE IN FOR A WILD RIDE..

SF

Saint · #9 9th September 2005, 03:18 PM

Quote:

For now, following Saint.... Waiting and Watching.

....Karthik

nkpanjiyar · #10 20th September 2005, 05:59 PM

Quote:

Sensex hits 8,500 at close

September 20, 2005 16:44 IST

The Sensex created history by crossing the 8,500-mark today.

The index opened with a negative gap of 32 points at 8,413, and dipped to a low of 8,376 in morning deals. Then the mood turned, and there was no looking back...

The index zoomed past the 8,500-mark to touch a historic high of 8,515 - an intra-day rally of 139 points. The Sensex finally closed on a bullish note at 8,500 - a gain of 55 points (0.665).

The Nifty gained 10 points to close at 2,577.

The sectoral indices closed on a mixed note. The BSE Bankex advanced over 2% (103 points) to 5,107. The BSE Teck index was up a per cent (21 points) at 2,165. The BSE Oil & Gas Index was up 0.87% (34 points) at 3,922.

The BSE Consumer Durables Index declined 1.8% (48 points) to 2,620. The BSE Metal, Auto and Healthcare indices also declined.

The board market mood, however, was extremely bearish - out of 2,667 scrips traded, 2,020 declined, 620 advanced and 27 were unchanged today.

Infosys gained 2% (Rs 49) to Rs 2,497. While Satyam was up 2.6% (Rs 14) at Rs 555, TCS added Rs 17 to Rs 1,471.

Reliance moved up 2% (Rs 14) to Rs 778. ONGC was up Rs 9 at Rs 1,030. ITC declined Rs 10 to Rs 1,929, and HLL was down Rs 2 at Rs 175.

ICICI Bank advanced 4% (Rs 22) to Rs 578. HDFC Bank added 3% (Rs 20) to Rs 730.

L&T added 1.6% (Rs 22) to Rs 1,403. BHEL gained Rs 16 to Rs 1,128.

HDFC declined Rs 23 to Rs 1,029. Tata Steel, Wipro, ACC, Grasim, Bajaj and Bharti also declined.

Reliance was the most active counter with a turnover of over Rs 269 crore followed by SRF (Rs 175 crore), Sesa Goa (Rs 116 crore), Satyam (Rs 102 crore) and Amar Remedies (Rs 95 crore).
Source: Rediff News

cheers,
nkpanjiyar

Similar Threads for: Hurray!!! Sensex crossed 8000.....
Thread	Thread Starter	Forum	Replies	Last Post
Know All about SENSEX	anubak	Technical Analysis	19	18th March 2008 09:20 PM
Will the Sensex touch 8000 by April 2005? (Please Vote)	TATrader	Equities	4	9th March 2005 07:01 PM