Propelled by a strong all-round buying momentum, with the bulls going blazes, the 30-scrip Bombay Stock Exchange (BSE) Sensex, on Monday, crossed the landmark 15,000 to close at 15,045.75 up 81.61 points coinciding with the Dalal Street’s 133rd foundation day.
Buoyed by strong economic fundamentals as also robust global cues, the bulls have been making merry on the markets thereby fuelling the BSE Sensex to scale new summits in recent times.
Exuding optimism that the current bull run will continue, market watchers opined that the momentum will be sustained and the ongoing rally, largely confined to IT stocks would soon spill over to cover other sectors as well ruling out the fears of profit booking at higher level.
BSE, the oldest exchange in Asia and the first exchange in the country to be granted permanent recognition under the Securities Contract Regulation Act, 1956, has had an interesting rise to prominence over the past 130 years.
The bourse, which faced a stiff competition in the 1990s during the time of inception of National Stock Exchange (NSE), converted itself into an online bourse, bringing transparency and cost effective trading platform in its fold in the span of a decade.
Although trade was limited to a narrow range amid speculation of a cut in banks’ cash provisioning norms, the BSE barometer hit a new intra-trade high of 15,085.22 before ending the day at a new closing peak of 15,045.73, netting a rise of 0.55 per cent over Friday’s close of 14,964.12.
The market breadth was highly positive with 1,610 shares ending with gains while 1,055 others showed losses.