Bulls ran amok on Dalal Street, carrying the benchmark Sensex past the 19,000 mark milestone in a record four sessions, as investors bet heavily on blue chip stocks and political truce.
The bull charge, which re-emerged after a brief pause on Friday, helped the market barometer add 640 points, the second highest gain for a single-day. Market players attributed the day’s rally to Friday’s statement by UPA Chief Sonia Gandhi and PM Manmohan Singh that elections were still far away.
On Monday, the BSE barometer started off on a strong footing to a new trading peak of 19,095.75 before ending at an all-time high of 19,058.67, a net rise 3.47 per cent over Friday’s close. S&P CNX Nifty of NSE too flared up by 242.15 points or 4.46 per cent to close at a high of 5,670.40.
The Sensex is going forward on macro indicators, with strong IIP numbers, fall in inflation. FIIs were also at the helm, pouring about Rs 8,425 crore during last week.
