Sensex regains 21,000 level after 3 years

The BSE benchmark Sensex regained psychological 21,000 level after a gap of nearly three years by surging 262 points in morning trade today on heavy funds inflows in fundamentally strong sectors such as realty, banking and oil and gas. The 30-share index, which had lost over 126 points in two sessions, bounced back by 262.02 points, or 1.26 per cent, to Rs 21,029.90, a level last seen in November 2010. The wide-based National Stock Exchange index Nifty rose by 67.40 or 1.09 per cent to 6,245.90 points. Major contributers are Reliance industries, Infosys, ITC, State Bank of India and Tata steel. BSE SENSEX The S&P BSE SENSEX (S&P Bombay Stock Exchange Sensitive Index), also-called the BSE 30 or simply the SENSEX, is a free-float market capitalization-weighted stock market index of 30 well-established and financially sound companies listed on BSE Ltd. Published since 1st January 1986, the S&P BSE SENSEX is regarded as the pulse of the domestic stock markets in India. The term Sensex was coined by Deepak Mohoni, a stock market analyst. The base value of the S&P BSE SENSEX is taken as 100 on 1st April 1979, and its base year as 1978–79. During 2008-12, Sensex 30 Index share of BSE market capitalisation fell from 49% to 25% due to the rise of sectoral indices like BSE PSU, Bankex, BSE-Teck, etc.

What: Sensex regained psychological 21,000 level When: 24th October 2013 How: heavy funds inflows in fundamentally strong sectors such as realty, banking and oil & gas.