Non Resident Indian Business Forum

Non Resident Indian Business Forum

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  • Amarendra Dhiraj
    Amarendra Dhiraj    Group moderator
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    BSE Sensex's expedition to delightful figure of 16k
    BSE Sensex has hit a new high crossing its earlier high of 15868.85. The Sensex recovered 2088 points from the August 17 low of 13,780. It recovered about 15% in 23 trading sessions. It rallied from 15k to 16k in 53 days.

    The top six stocks contributed over 50% to the recovery as follows: RIL 19.4%, ICICI Bank 10.6%, L&T 7.7%, HDFC 7%, Tata Steel 5.6%, ITC 4.7%.

    RIL, ITC, HUL, Tata Steel and BHEL led the rally from 15k to 16k.

    At 12.32 pm the Sensex was up 500 points to 16,204. This is the biggest intra day gain for the Sensex since June 9, 2006.