|
Date |
Close |
Date |
Close |
Days |
Rise/fall |
|
7-Feb-92 |
2194.48 |
22-Apr-92 |
4467.32 |
29 |
2272.84 |
|
22-Apr-92 |
4467.32 |
12-May-92 |
3086.37 |
7 |
-1380.95 |
|
2-Nov-93 |
2612.25 |
17-Jan-94 |
4020.87 |
37 |
1408.62 |
|
9-Sep-94 |
4630.54 |
10-Jan-95 |
3623.06 |
74 |
-1007.48 |
|
25-Jan-96 |
2826.08 |
24-Apr-96 |
3869.87 |
57 |
1043.79 |
|
17-Jun-96 |
4049.39 |
7-Oct-96 |
3002.86 |
74 |
-1046.53 |
|
28-Jan-98 |
3209.55 |
21-Apr-98 |
4280.96 |
54 |
1071.41 |
|
21-Apr-98 |
4280.96 |
15-Jun-98 |
3152.96 |
35 |
-1128 |
|
29-Oct-99 |
4444.56 |
2-Jan-00 |
5491 |
46 |
1046.44 |
|
14-Feb-00 |
5924.31 |
4-Apr-00 |
4691.46 |
35 |
-1232.85 |
|
20-Nov-03 |
4771.23 |
31-Dec-03 |
5838.96 |
26 |
1067.73 |
|
22-Apr-04 |
5924.18 |
17-May-04 |
4505.16 |
16 |
-1419.02 |
|
19-Apr-05 |
6134.86 |
22-Jun-05 |
7145.34 |
47 |
1010.48 |
| |
| After four days, when the trading ring opened on April 28, the Sensex melted by 570.42 points in a single day. In seven trading days between April 22 and May 12, the Sensex lost 1380.96 points.
|
| |
| The entry of the foreign financial investors (FIIs) in the equity markets led a fresh bull charge and the Sensex rose by 1408.62 points to 4020.87 in 37 trading days between November 2, 1993 and January 17, 1994. The Sensex hit a new high of 4630.54 on September 9, 1994.
|
| |
| Immediately followed a sharp decline as inflation rose and the Reserve Bank of India stepped in to tighten the liquidity. The Sensex declined by over 1000 points between September 9, 1994 and January 10, 1995.
|
| |
| The background of this fall was a plethora of public issues by little known companies that hit the market to raise money from the public public.
|
| |
| One more 1000-point rally came in 1996 when P Chidambaram was made the finance minister of the United Democratic Front government. The Sensex rose 1044 points in 57 trading days between January 25 and April 24.
|
| |
| The level, however, could not be sustained. A poor budget in July shaved off the Sensex by 1000 points in 74 trading days between June 17 and October 7, 1996.
|
| |
| The NDA government, under the leadership of AB Vajpayee, came into the power and fuelled a rally of 1000 points to take the Sensex to 4280.96 in 54 days between January 28 and April 21, 1998.
|
| |
| The Pokhran nuclear text on May 11, followed by US sanction and a poor budget, led to a 1128 points decline in Sensex in 35 days between April 21 and June 15, 1998.
|
| |
| The next 1000-point rally was in 1999, fuelled by the information technology stocks. The Sensex rose 1046 points in 46 trading days between October 29, 1999 and January 2, 2000. The ICE run peaked at 5924.31 on February 14, 2000 and immediately after that, Sensex lost 1068 points in 35 trading days.
|
| |
| The victory of Bhartiya Janata Party (BJP) in four Northern States triggered yet another 1000 points Sensex rally in 26 days between November 20 and December 31, 2003.
|
| |
Once again, the euphoria was short-lived and as the exit poll indicated the fall of the NDA government, in 16 trading days
|
