What next after Sensex 10,000?

11,000

Index

Present
 Level

Strike
 Date

Time

Strike
 Date

Time

Sensex100456-Feb-06

20 yrs

-

-

Karachi SE 1091515-Mar-0514 yrs

-

-

Dow Jones1085912-Mar-99103 yrs

28-Apr-99

7 wks

Hang Seng1541310-Dec-9329 yrs

24-Dec-93

2 wks

Nikkei 2251644010-Jan-8435 yrs

2-Apr-84

12 wks

 Interestingly, the Karachi index witnessed deep correction after hitting 10,000 points. From its peak of 10,305, the index slumped to 6939, down nearly 33%, in the next three weeks. The index has now recouped all losses, and is currently at 10,915.  So. where do we go from here?  FIIs have pumped in $1.35 billion till February 7, 2006 in the current calendar year as against $ 972.50 million in the corresponding period of 2005. If the current trend continues, inflows may surpass last year's record inflows of $ 10.70 billion. An investor-friendly budget may add fuel to the rally.  Possible negatives for the market - a sharp spike in curde prices and/or any major development on the US interest rate front.