What a spectacular bull run it was wherein the Sensex conquers the psychological level of 17,000 from 16K in merely 6 days of trade. It is the shortest duration the Sensex has ever taken to move a 1,000 points since hitting the 10,000 mark.
The ongoing Bull Run came in full momentum since the US Fed cut the interest rates by 50 bps. There have been very active participation by FII’s too who have pumped in Rs 14,639 crore (USD 3.66 billion) in last 5 days in the cash & F&o markets and kept the markets buoyant. The major contributors to the journey from 16k-17k are - Reliance 256 points, Bharti-99 points, L&T 79 points, ICICI Bank 67 points.
In the cash market, FIIs were seen buying worth Rs 7818.84 crore in last five days and the f&o market attracted Rs 6820.16 crore during the same period.
|
Date |
Cash market |
|
Net Purchase (Rs cr) |
|
25-Sep-07 |
1,496.14 |
|
24-Sep-07 |
1,284.40 |
|
21-Sep-07 |
924.3 |
|
20-Sep-07 |
1,629.50 |
|
19-Sep-07 |
2,484.50 |
|
Total |
7,818.84 |