Of Sensex and new records

I still remember being ecstatic when sensex hit 10K. That that time I thought it was a great achievement by the markets. Now a realise it was a small milestone and a precursor to the things yet to come as we have seen over the past 18 months.

Let me first make it clear SENSEX has nothing to do with SENSE or SEX, its just the acronym of Sensitiviy Index. It needs no reason to rise or fall. A sneezing Sonia, a harsh talk by FM or ever changing stance of the Left can bring it down or pull it up all in a matter of few hours (or minutes like last wednesday).

But one thing is for sure. This market is not going to retrace in a hurry. And today has been a historic day. Its up by 879 point thus recording the single largest gain in its history. This whole month itself has been a memorable one for me. After missing the bull run in September (was in Pune for training at National Insurance Academy during last two weeks of September) I was ruing missing watching the largest gain of 600 point during my stay there. But all that was made up on October 9th (incidentally, its my good friend Sandeep's Birthday too) when markets raised more than 700 points.

After a brief break, markets are at back at doing what they do best. Open up, move up and up and up. Records they say are meant to be broken, but so soon, i never imagined. The tremendous amount of money (both domestic and foreign) are taking it up.

Well its all begining, aage aage dekho hota hai kya !

Pic: Yours truelly at BSE building during the recent visit to Mumbai