Tuesday, October 9, 2007

Sensex smooches 18k !

The markets bombarded and fired on all cylinders to make a historic move today fracturing all the old records and sculptured a new monument that looked worth it. It was truly the biggest day for Indian capital markets. The benchmark indices have outshined the broader markets. After getting up late and trying to catch up some pace this lazy Garfield shocked with the waves knocking the 18,000 doors today. This was a bolt from the blue after the news that UPA, Left to meet again on US Nuke Deal on October 22.

It was absolute heady for the bulls making biggest intra day gains. Despite all the political turbulence which markets seem to be ignoring it and carving new models not just touching sky high but has land marked some shocking gains on with huge turnover.Sensex logged biggest intra day absolute gains ever. Sensex was up nearly 800 points and Nifty surged over 250 points. Sensex saw gains of 1000 points from the day's low with the backdrop of political uncertainty though experiencing uncertainty from the blue chip dudes..

Sensex not only smooched 18,000 mark but was well balanced to make the rally stronger after yesterday's fall. Nifty ended up in Green begging for more FII to flow in to counter the political uncertainty after Sonia's statement in Haryana a day ago..:) Wait, hold, watch, exit and book profit is all I can say.

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