Benchmark outdoes 29 indices

The Sensex outperformed 29 world indices in the run up to 7000 between November 17, 2004, and June 21, 2005. It ranked number 11 in terms of gains made by all global indices in the period. The BSE Sensex moved up by 1060 points gaining 17.55 per cent during the period with Sensex moving up from today.

During the period the prominent world indices "" Nasdaq-100, NYSE Composite, S&P 500, Dow Jones, Hang Seng, Nikkei-225 and FTSE 100 remained more or less static.

However, India has been the 11th largest gainer in the period. The CMA index of Egypt tops the gainers list with a 54.7 per cent rise, while the Karachi 100 index o ranked second with a 39.7 per cent rise.

It was followed by ATX of Austria (36.7 per cent), the All Shares Index of Sri Lanka (30.6 per cent), the OSE All Share index of Norway (30.2 per cent), the PX50 of the Czech Republic (27.9 per cent), the Jakarta Composite of Indonesia (22.9 per cent), KFX of Denmark (22.2 per cent), ISE National 100 index of Turkey (18.4 per cent) and IPSA of Chile (18.1 per cent).

Between November 17, 2004, and June 21, 2005, the Nasdaq Composite was down by 0.6 per cent to 2,088 points, while NYSE composite up by just 4.5 per cent to 7325.69, S&P 500 index up by 2.9 per cent to 1216.10 and Dow Jones declined by 0.6 per cent 10,609.1.

The FTSE 100 reported a rise of 5.8 per cent to 5,072, Nikkei-225 of Japan increased 3.2 per cent to 11,483.35 and the Hang Seng of Hong Kong increased by 0.9 per cent to 13,945.77.

Out of 40 major world indices, only four indices reported a loss in the last seven months period. Shanghai Composite of China was the biggest loser with 17.7 per cent drop, followed by Moscow Times index of Russia (3.7 per cent down), Nasdaq (0.6 per cent) and KLSE Composite (0.5 per cent).