Sensex Big Bang!
The Sensex today created history by touching the magical figure of 10,000 points. It reached the 10K psychological mark following across-the-board purchases by foreign institutional investors (FIIs) as also domestic mutual funds.
The market barometer was at 10,002.83 points higher by 260.25 points. The major support to the Sensex came from reliance industries, Infosys, ICICI Bank, ACC, Bajaj Auto, Housing Development Finance Corporation and Larsen and Toubro.
Any change in the share prices of Reliance Industries, Infosys Tech and ICICI Bank changes the market scenario as the trio enjoys over 30 per cent weightage on the index.
The Sensex has been hovering high for the last few months and India has emerged as a favorite destination for foreign institutional investors.
What do you think this is because? Would this trend continue?
Well, there are a few questions that an investor should ask before investing in the share market in current scenario. However, personally I feel that this is not write time to buy however one should certainly sell as this magical figure would remain there for ever.
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hello arun,
This is big achievement by the indian economy. As you said that this is not the right time to buy. Could you please let me know the reason for this. The analyst did not even recommend to buy when the sensex was hovering at 9000 mark. Case was the same when it was 8000.
Then when should the investors purchase.