Sensex, the Bombay Stock Exchange's 30-share sensitive index, which surged past the 9,000-mark on Monday, has recorded the second fastest 1,000 points rise ever -- taking just 53 days to race from 8,000 to 9,000 points.
The index took 45 days to move from 8,500 to 9,000.
The Sensex, which surged past the 8,000 mark on September 8, 2005, had taken 55 days to race from 7,000 to 8,000 points.
Market watchers attribute the robust climb to a frantic buying spree by foreign institutional investors (FIIs) and well supported by local operators as well as retail investors.
The BSE 30-share senstive index opened at a new high of 8,905.68 and thereafter rallied further to life-time peak of 9,000.32 by 2:10 p.m, registering a steep rally of 111.29 over the previous close of 8,889.03.
FIIs continued to remain the major buyers on hopes that the India's economic conditions and the corporate fundamentals would continue to be strong, dealers said and added FIIs had made a net purchase in equities worth Rs 461.40 crore (Rs 4.614 billion) on Thursday and with that the total net investment during the month of November touched a whopping Rs 3,487 crore (Rs 34.87 billion) till November 24.
The major gainers which helped the Sensex to scale new hights were Infosys Tech, RIL REL, L&T, Grasim, BHEL, Bajaj Auto, Wipro, Tata Power, ITC, HLL, HDFC, ONGC, Satyam, Tata Motors, TCS, SBI and Maruti Udyog.
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