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Tuesday, July 24, 2007

Will this be the fastest 1000 for the Sensex ?

On March 30, 1992, the Sensex covered the fastest 1000 points, which was a 16 day ride from 3000 to 4000. The rally was majorly bolstered by Late Harshad Mehta's machinations and liberal export-import policies.
Today is 12th day since Sensex hit 15000 levelsą„¤ So the question remains - will we cover the remaining 150-200 points in next 3 days to create HISTORY with the fastest 1000 point run up for the Sensex?

For acheiving every 1000 mark, number of days taken:

Period

Days

1K-2K

278

2K-3K

38

3K-4K

16

4K-5K

1979

5K-6K

86

6K-7K

1348

7K-8K

56

8K-9K

55

9K-10K

49

10K-11K

30

11K-12K

20

12K-13K

136

13K-14K

27

14K-15K

144

15K-16K

?



Reaching 4000 to 5000 and 6000 to 7000 were the longest periodą„¤ During 4K-5K range Sensex had slipped to 1980 and in 6K-7K range it had slipped to 2594.

Read More : Moneycontrol.Com

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