The wide-based Nifty, went up by 111.30 point to touch an intra-day high of 6,011.95 points in early trade on heavy buying by foreign funds after the US Federal Reserve slashed interest rates by 25 basis points on Wednesday.
The Nifty made the journey from 5K to 6K level in 24 trading days. During this entire period the NSE benchmark was trading above the 5,000 level, which was crossed on September 27.
Nifty, had made the 4,500-5000 level journey in 52 trading days and it took 203 trading sessions to move up from 4,000 to 5,000 mark.
This day last year (November 1, 2006), the NSE index touched an intra-day high of 3,777.70 and closed at 3767.05. It has gained 59.59 per cent since then.
On December 1, 2006, Nifty for the first time touched an intra-day high of 4,001.30 and on the very next trading session on December 4, it closed at 4,001 points.
The Bombay Stock Exchange benchmark, Sensex also spurted by 366.22 points to hit 20,204.21 points, in the first five minutes of trade.
The US Fed cut its target for the federal funds rate to 4.5 per cent from 4.75 per cent, meeting the expectations of most analysts.
The market also received a booster from the Hong Kong share prices which opened higher today, tracking Wall Street's gains after the US Federal Reserve cut its key interest rate.
The Sensex story: From 1K to 20K
