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Home > Business > Market Report


Biggest-ever rally, Sensex ends above 16K

September 19, 2007 16:35 IST

The Sensex opened with a bang at a new all-time high of 15,941 - up 272 points from its previous close - on the back of positive global cues.

The US Fed, on Tuesday, cut its benchmark rate by 50 basis points, for the first time in four years, to 4.75%. A move that resulted in a strong rally across the globe.

The buying momentum was so strong that the Sensex soon crossed a new landmark of 16,000, and went on to extend gains as the day progressed. The index hit an all-time, intra-day high at 16,335 - up 666 points from the previous close.

The Sensex story: From 1k to 16k!


The Sensex finally ended with its biggest-ever single-day gain of 654 points at 16,323.
 
The Nifty gained 186 points to close at 4,732. 

BIG GAINS

Date

Prv Cls

Close

Net Chg

% Chg

15-Jun-06

8929.44

9545.06

615.62

6.89

19-Sep-07

15669.12

16322.75

653.63

4.17

09-Jun-06

9295.81

9810.46

514.65

5.54

08-Mar-07

12579.75

13049.35

469.60

3.73

30-Jun-06

10162.16

10609.25

447.09

4.40

12-Jan-07

13630.71

14056.53

425.82

3.12

27-Aug-07

14424.87

14842.38

417.51

2.89

02-Jun-06

10071.42

10451.33

379.91

3.77

08-Aug-07

14932.77

15307.98

375.21

2.51

18-May-04

4505.16

4877.02

371.86

8.25

03-Jan-00

5005.82

5375.11

369.29

7.38


The index took only 52 trading sessions to move from 15,000 to 16,000.

While the BSE Mid-cap index advanced nearly 2% to 7117, the Small-cap index added 1% to 8871.

The BSE Realty index surged 5.8% to 8465. The Bankex and Oil & Gas indices rallied nearly 5% each to 8691 and 8924, respectively.

The market breadth was positive - out of 2,850 stocks traded, 1,541 advanced, 1,233 declined and 76 were unchanged. 

SENSEX ZOOMS PAST 16,000

Landmark

Strike Date

No of Days

Close

Gain/Loss

16,000

19-Sep-07

52

16,323

654

15,000

06-Jul-07

144

14,964

102

14,000

05-Dec-06

26

13,938

63

13,000

30-Oct-06

135

13,024

117

12,000

20-Apr-06

19

12,040

144

11,000

21-Mar-06

29

10,905

-36

10,000

06-Feb-06

48

9980

237

(Gain/Loss is the net change over previous day)


Big Movers

All the Sensex stocks ended with gains today.

HDFC [Get Quote] and HDFC Bank zoomed nearly 8% each to Rs 2,354 and Rs 1,326, respectively.

Bharti Airtel [Get Quote] soared 6.5% to Rs 886. ONGC [Get Quote] surged 6% to Rs 902, and Maruti [Get Quote] was up 5.8% at Rs 926.

Reliance rallied 5.5% to Rs 2,173. Reliance Communications [Get Quote] and ICICI Bank [Get Quote] gained 5% each at Rs 564 and Rs 970, respectively.

Tata Steel [Get Quote] and Bajaj Auto [Get Quote] moved up 4.7% each to Rs 745 and Rs 2,512, respectively.

While Mahindra & Mahindra and SBI [Get Quote] advanced 4.5% each to Rs 741 and Rs 1,770, respectively, Tata Motors [Get Quote] and ITC added 3.7% each to Rs 722 and Rs 187, respectively.

Hindalco [Get Quote] and Infosys [Get Quote] were up 3% each at Rs 159 and Rs 1,853, respectively. ACC surged 2.7% to Rs 1,153.

Most Active Counters

DLF topped the value chart with a turnover of Rs 255.70 crore followed by Reliance (Rs 227 crore), ICICI Bank (Rs 148.70 crore), Reliance Capital [Get Quote] (Rs 137.65 crore) and Renuka Sugar (Rs 127.80 crore).

IKF Technologies [Get Quote] led the volume chart with trades of around 1.85 crore followed by Ispat Industries [Get Quote] (1.82 crore), Balrampur Chini [Get Quote] (1.08 crore), IFCI (89.70 lakh) and Himachal Futuristic (87 lakh).


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