Skip to main content

India stock market crossed 20,000 mark for first time

Presently, India stock market looks to be on the flying mode with market breaking one record after the other. Today, Indian stock market touched the 20,000 mark for the first time during the daily trade and finally closed at 19,977 with 734 pinots jump. This is really a great achievement by the Indian stock market in small time. The main reason behind this push in the stock market is believed to the good support from the foreign investors, as during the period of10000 marks to 20,000 marks jump FIIs have invested whooping $ 26 billion in Indian stock market. Therefore stock market which was at 10,000 points on 6 Feb, 2006 crossed 20,000 points, a jump of 10000 points, in just one year and six months.

Moreover, further today’s increase in the stock market has also shown that most of the foreign investors have taken positively the recent moves by the Sebi on the regulation of FII money follow in India. Indian mutual funds have also remained second major supporter behind these fast jumps taken by the stock market from 10,000 points to 20,000 points. In simple words, we can say that FIIs and MFs are major contributors behind this huge success of the stock market. Indian stock market crossed 1000 points for the first time in 23, July 1990 and now after 17 years stock market has grown by 20 times.

After the Sebi’s announcement on P-notes and foreign direct investment, there were certain apprehensions that fast growth in market will stop for some time, however, today market reacted very positively to these announcements which indicates that foreign investors have lot of trust on the growth story of India. After the today’s unexpected growth, mostly of the experts are forced to change their predictions about the market. Earlier, it was believed that market will remain between 19000 to 21000 points during this year.

However, fresh analyses points towards market crossing 23000 points during this year. Indian stock market looks eager to take more jumps and we can hope to see new records being made by the market in near future. However, the worrying sign is high share of the foreign investors in the stock market and therefore, any major profit booking be the FIIs can create panic in the India market. In future, there are not many chances of FIIs taking their money off from the India stock market because the growth story of India is still on.

Also read-1) Why India stock market is down?
2)Indian stock market and terror funding
3)Indian Stock market saw highest gain in Single day
4)Mukesh Ambani is now world's Richest Person
5)
Indian stock market crashing 1000 points in two days
6)
Indian stock Market crossing 18000 points, what is next?
7)
Mukesh Ambani is now Richest Indian in World
8)
India Stock Market- BSE at 17000 and NSE at 5000
9)
Indian Stock Market Reached 13000 mark
10)Live NSE and BSE

Comments

Popular posts from this blog

A new 15 year old Buddha

In Nepal a new Buddha is in making. Recently a person called Ram Bomjon from Nepal has been fasting and meditating for last six months beneath a tree. In him people are seeing a new Buddha. This incidence has happened in Bara district of Nepal. Thousands of pilgrims have starting visiting this place. There is news that Ram has not even single time broken his fast. For the last six months he has not moved, even to relieve himself. His place is not much away from the place where original Buddha had done his meditation. According to Ram he does this meditation because a snake has beaten him. He is also asking people for not saying him Buddha because he is telling that he is not having the powers like Buddha.
www.geocities.com/arvindkatoch1

India is First 20-20 cricket world champion

Today India becomes the first twenty20 cricket world champion. India wins this match by 5 runs in the last over with three balls remaining. It is really very-2 interesting and exciting to watch this match live. Great performance by the Indian team, this is really a team win and not an individual player win.

Irfan Pathan won the man of match for taking three important wickets and Shahid Afridi is given the match of the series title.
India got the world cup trophy and prize of US $49,000 for winning this world cup.

BCCI also announced prize of 2 million dollars as prize money and prize of Indian rupees one crore for Yuvraj Singh for hitting 6 sixes.


Today India gave moderate total of 157 to Pakistan in 20-20 cricket world cup. Indian captain M S Dhoni after winning the toss decided to bat. Indian captain today make a surprise change by giving chance to Yusuf Pathan for opening Indian inning. Read more about it by visiting-India took surprise risk in the form Yusuf Pathan. Main attraction of…

New life for Prashant Tamang

Prashant Tamang has achieved great success by becoming the 3rd Indian idol. This is really his hard work and great singing talent which has helped him achieve this height in life. Prashant Tamang was born in Tungsung village in Darjeeling district on 4 January, 1983 and he also got his study from the same place. He is of Indian Nepalese origin and he speaks Nepali at home. His father served for the Kolkata Police and died in one accident while on job. Due to his father’s sudden death Prashant was forced to leave his studies and join Kolkata police for providing financial support to his family. According to Prashant, he never thought about winning the Indian Idol title while entering the contest and all this is like a big dream becoming true for me. In his family, he has his grandmother, mother and sister. Prashant never took any formal training of singing but still he managed to win the Indian idol title. Earlier he used to sing for the Kolkata police orchestra. Phrashant Tamag got th…

Check Final Results of Bihar Sanskrit Shiksha Board (BSSB)

Finally, after quite a struggle details are available about Bihar Sanskrit Shiksha Board (BSSB) and students can find the link below for getting all the Final Results related to BSSB. Their official website is -bssbpatna.com. This website is in Hindi and Flash, therefore, people found difficulty in finding it.

On this website, people can easily find all results online of BSSB. Through, the final results link students can get the result by entering the roll number in the box available on the page. After pressing get result button complete mark sheet of students will emerge on screen. This is a simple option to get all the results of the BSSB and students are not required to visit any other site.

For Final results of Bihar Sanskrit Shiksha Board (BSSB) visit-http://bssbpatna.com/results.html

The old site of BSSB was www.bssbonline.com which is not available now.

Who is real victim in Amit Budhiraja and Rinku Sachdeva case?

Pictures of Amit Budhiraja and Rinku Sachdeva
It is really hard to believe that present educated youths have become so weak that they are finding it hard to easily manage their marriage relationships. One similar matter came to light when story of Computer engineer Amit Budhiraja (working with Infosys) killing his wife Rinku Sachdeva (marketing executive with private bank) and later committing suicide become top news of today. Amit Budhiraja blamed his wife Rinku for not being a good wife and having extra-marital affair with some other person in his suicide note.

According to him, he has recorded the conversation of Rinku with her alleged lovers on his Laptop which is now in the police custody. Both Amit Budhiraja (30) and Rinku Sachdeva (28) were well settled in their life and highly educated then why they failed in their relationship. Amit may have put blame on his wife for having some affair; however, he cannot justify any killing of a person on the name of having some affair. Many …