Sensex crosses yet another milestone!

I am late to the party but was busy in the morning. I just gathered some information and did my part to post what happened with the Indian markets over few years. Bombay Stock Exchange Sensitive Index, popularly known as SENSEX was compiled in 1983, which has 30 actively traded stocks. Here is what gives you a picture of the growth of SENSEX from 1,000 - 10,000.



What can actually influence these markets is something that has become hard to understand for someone like me, who isn’t a big investor. I remember SENSEX gaining points even when the financial capital of India was drowned due to heavy rains. Tsunami did some damage to some of the shipping stocks but they were not stocks that could pull this index down. US markets have nothing to do on Indian equity markets these days, which is another thing that one has to consider.

As interest rates go down, more and more domestic funds are seeing Dalal Street as one big option to make some quick bucks. Government policies and financial results are two major factors any investor who is bullish about markets says.

As valuations are at their highest across the sectors, nothing looks attractive to me at this point. But, there is lot of money being invested both by domestic players and FIIs. At these levels, an investor need to have all the information and a big heart to loose if FIIs start to think otherwise, which I hope and wish not. FIIs have been influencing the valuations in a big time.

I have no major holdings and that doesn't stop me from following the markets now and then. If you want to turn your money into markets, you can probably add this blogger to your favorites.

What contributed or driven the SENSEX from 1,000 - 10,000 magic figure? Here you go..



Courtesy : rediff