Just at noon yesterday, Rueters posted online that SENSEX reached 10000 mark.
India's news channels got excited; traders fired crackers in Bombay.
Also known as BSE 30, the SENSEX is exclusive to Bombay Stock Exchange (BSE), which is more than 130 years old. The first trade dates back to 1875. The hisory of this Stock Exchange is really interesting!
The abbreviated term SENSEX was first used by Deepak Mohoni, a Stock market analyst from IIT Kanpur and IIM Calcutta, who now runs a company TrendwatchIndia. The term came to stay and Mohani came to stay in CNBC TV's Awaaz!
The 1979 base index of 100 crossed 1000 in 1990 and after 15 years it has crossed 10000 (Read the post dated Feb. 7, of Jigar Chandrakant Vikamsey's blog) . If you are keen to be a part of this money game, you can learn basics at the official website of BSE.
If you are lucky, you may gain a lot as the market is marching towards 12000 mark.
Beware of bulls and bears!
All the best!