Reference the article below from chinanationalnews.com dated Jan'22 2009. It is absurd to imagine a country (The terrorist state of Pakistan) that claims to be a ‘Sovereign Nation’ and their ministers start jumping up and down as soon as the US predators strike deep inside their territory (or what they claim to be their territory but don’t have no control or authority over the land) shouting aloud that we are a sovereign nation and still exports their foreign policy decisions to another country (CHINA).
And guess what, it’s not only that their action was contradictory to what they claim but they went a step further to invite absolute redicule from the international community when their foreign minister Shah Mehmood Qureshi chest thumping & belligerently came out in open and issued the statement to the media that Pakistan has offered her key ally China a blank cheque for negotiating any deal with New Delhi to satisfy it on the issue of Mumbai terrorist attack. I am sure even the Chinese must be having a laugh at this.
One can only doubt the intellect (if there is some) of their leaders and the understanding of political science of the modern world by them. One wonders if these leaders have the best of their state in their hearts or weather their incompetence & hatered towards other countries is pushing their state and its people further into the darkness. One can only wish that the better sense prevails and they start thinking about the betterment of their society (that will also make life easier for the rest of the world).
Article:
Pakistan offers China blank cheque to negotiate deal with India
China National News Thursday 22nd January, 2009 (ANI)
Islamabad, Jan.22 : Keen to bring its relations with India back on the peace track, Pakistan has offered key ally China a blank cheque for negotiating any deal with New Delhi to satisfy it on the issue of Mumbai terrorist attack.
According to the Dawn, Pakistan Foreign Minister Shah Mehmood Qureshi the Special Envoy of the Chinese Government, He Yafei, at Chinese Embassy reception: "You can go to Delhi and you have blank cheque from us."
Emphasizing on the trust Pakistan reposed in Chinese leadership for ending the tensions, Qureshi told Yafei that Pakistan would endorse whatever China would say to India.
The Chinese envoy had visited Pakistan on December 29 for defusing tensions between Pakistan and India.
In his meetings with country's top leadership, the envoy had indicated that China would remain engaged to promote peace and stability in the region.
Immediately after Yafei's visit, Pakistan made two proposals for defusing tensions arising from the Mumbai attack asking India to 'de-activate the forward airbases' and 'relocate the troops back to peace time positions'.
Referring to China's peacemaker role, Qureshi had in his statement on PTV that 'certain developments during the past 48 hours' augured well for the region.The Chinese envoy then traveled to New Delhi on January 5 to push India to de-escalate the tensions and resume dialogue with Pakistan.
Although, Chinese initiative was initially cold-shouldered by the Indians, there was a change in attitude and New Delhi discussed their concerns with the envoy.
Friday, January 23, 2009
Wednesday, January 21, 2009
Why Miliband tried to rationalise Mumbai attack
Why Miliband tried to rationalise Mumbai attack
(B Raman - Rediff.com - January 21, 2009)
There has been considerable anger and indignation in India British Foreign Secretary David Miliband attempt last week to rationalise the terrorist attack in Mumbai, by the Lashkar-e-Tayiba of Pakistan by linking the attack to the Kashmir issue.
None of the indigenous Kashmiri organisations has linked the Mumbai attack to Kashmir. Yet Miliband sought to provide a legitimacy to the LeT's terrorist attack by linking it to Kashmir, disregarding the fact that the attack, as seen from the brutal murder of nine Jewish persons and 12 nationals of Western countries, which have contributed forces to the NATO contingent in Afghanistan, was part of the global jihadi agenda unrelated to either Kashmir or the grievances of Indian Muslims.
The shocking attempt by Miliband to play down the murders of 138 Indians and 25 foreign nationals committed by the Pakistani terrorists should not have come as a surprise to those aware of the historic links of the British intelligence with the Mirpuri migrants from Pakistani-occupied Kashmir in the UK and their important role during elections in certain constituencies which traditionally return Labour candidates to the House of Commons with the support of the Mirpuri vote bank.
In this connection, I am reproducing below extracts from my article in 2007 on home grown jihadis in the UK and US.
"After Pakistan and Afghanistan, the UK has been traditionally for many years the largest sanctuary to foreign terrorists and extremists. Everybody, who is somebody in the world of terrorism, has found a rear base in the UK -- the Khalistanis in the past, the Liberation Tigers of Tamil Eelam, the Mirpuris from PoK, the Chechens, the Al Muhajiroun, the Hizbut Tehrir etc. Having allowed such a medley of terrorists and extremists to operate unchecked from their territory for so long, British intelligence just does not have a correct estimate of how many sleeper cells are operating from their country and of which organisations.
"Since persons of Pakistani origin have been playing an increasingly active role in promoting the activities of al Qaeda, it is necessary to analyse the nature of migration from Pakistan to the UK and the US. Muslims from Pakistan constitute the single largest Muslim migrant group from the sub-continent in both the UK and the US -- followed by Indian and Bangladeshi Muslims. There are estimated to be about 700,000 Muslims of Pakistani origin in the UK. No estimate is available in respect of the US.
"The largest migrant group from Pakistan in the UK are Punjabi-speaking Muslims --from Pakistani Punjab as well as PoK. The migrants from PoK are called Mirpuris. They are not ethnic Kashmiris, but Punjabi-speaking migrants whose families had settled in the Mirpur area of the PoK for generations. They were essentially small farmers and landless labourers, who lost their livelihood as a result of the construction of the Mangla dam. They, therefore, migrated to West Europe -- the largest number to the UK and a smaller number to France, Germany and Scandinavian countries. Many of them preferred to go to the UK because it already had a large Punjabi-speaking community from Pakistani Punjab. The initial Mirpuri migrants, who hardly spoke English, felt themselves comfortable in a Punjabi-speaking environment.
"As the number of Muslims of Pakistani origin in the UK increased, mosques came up to cater to their religious needs. Till 1977, these mosques were headed by clerics from the more tolerant Barelvi Sunni sect. When General Zia-ul-Haq, a devout Deobandi, captured power in Pakistan in 1977, he embarked on a policy of marginalising the influence of Barelvi clerics not only in Pakistan, but also in Europe and increasing the influence of the rabid Deobandis. He inducted Deobandis into the education department as Arab teachers and into the armed forces to cater to the religious needs of the military personnel. He encouraged and helped the Deobandis to take over the mosques in Pakistan and in the UK by replacing the Barelvis. With the induction of an increasing number of Deobandis started the process of the Arabisation/Wahabisation of the Muslims in Pakistan and of the Pakistani Diaspora in the UK.
"The intelligence agencies of the US and the UK went along with Zia's policy of Arabising/Wahabising the Muslims of Pakistan because this contributed to an increase in the flow of jihadis to fight the Soviet troops in Afghanistan. Till 1983, the members of the Pakistani Diaspora in the UK were considered a largely law-abiding people. The first signs of the radicalisation of the Diaspora appeared in 1983 when a group of jihadi terrorists kidnapped Ravi Mhatre, an Indian diplomat posted in the Indian Assistant High Commission in Birmingham, and demanded the release of Maqbool Butt, the leader of the Jammu and Kashmir Liberation Front, who was then awaiting execution in Tihar jail in Delhi following his conviction on charges of murder. When India rejected their demand, the terrorists killed Mhatre and threw his body into one of the streets. This kidnapping and murder was allegedly orchestrated by Amanullah Khan, a Gilgiti from Pakistan. He was assisted by some Mirpuris. The British were uncooperative with India in the investigation and declined to hand over those involved in the kidnapping and murder to India for investigation and prosecution. By closing their eyes to the terrorist activities of the Mirpuris from their territory, they encouraged the further radicalisation of the Diaspora.
"Just as the radicalisation of the Muslims of Pakistan suited the US-UK agenda in Afghanistan, the radicalisation of the Diaspora in the UK, particularly the Mirpuris, suited their agenda for balkanising Yugoslavia in the 1990s. Many Pakistanis from the UK went to the training camps of the Harkat-ul-Ansar (now called the Harkat-ul-Mujahideen) and the Lashkar-e-Tayiba in Pakistan and got themselves trained with the knowledge and complicity of the British. They then went to Bosnia and Kosovo to wage a jihad against the Serbs with arms and ammunition and explosives allegedly supplied by the Iranian intelligence with the tacit consent of the Bill Clinton administration and paid for by the Saudi intelligence. As the Pakistani prime minister between 1993 and 1996, Benazir Bhutto had visited these jihadis in the UK. After waging their jihad against the Serbs, they moved from the UK to Pakistan to join the HUA and the LeT and participate in the jihad against India.
"The most notable example of the home-grown UK jihadis who turned against them is Omar Sheikh. From Bosnia, he came to India to wage a jihad and was arrested by the Indian security forces. He was released following the hijacking of an Indian Airlines plane to Kandahar by a group of Harkat-ul-Maujahideen terrorists. After his release, he went to Pakistan and orchestrated the kidnapping and murder of journalist Daniel Pearl. The second notable example is Rashid Rauf, a Mirpuri, who went to Pakistan from the UK to join the Jaish-e-Mohammad after marrying a relative of Maulana Masood Azhar, the Jaish amir. He was allegedly involved in the plot detected by the London police in August 2006 to blow up a number of US-bound planes. This plot was hatched by some members of the Pakistani Diaspora in the UK. (Rauf was recently killed in a US Predator strike on an al Qaeda hide-out in the Federally-Administered Tribal Areas of Pakistan)
"The Mirpuris were in the forefront of those supporting jihadi terrorism against India in Jammu and Kashmir and other parts of India since 1993, when the Pakistani jihadi organisations of Afghan vintage were infiltrated into India by Pakistan's Inter-Services Intelligence. They collected and sent funds to the jihadi terrorists in India. Many of them underwent training in the camps of the LeT, HuM, JeM and the Harkat-ul-Jihad-al-Islami in Pakistan. The British intelligence was aware of members of the Diaspora going to Pakistan for training, but closed its eyes to it since it thought that they were going to wage a jihad against the Indians in J&K.
"A careful examination of the details relating to the various jihadi terrorism-related cases in the UK would reveal that MI5 was intercepting the telephone conversations of these Mirpuris and other Punjabi Muslims with their friends and relatives in which they spoke of going to Pakistan for jihadi training. It did not take any action against them because it thought that they were going to wage a jihad only against the Indians and hence did not pose a threat to the British. The MI5 intercepted the telephone conversation of even one of the perpetrators of the London blasts of July 2005, about his going to Pakistan for jihadi training. It did not act on it thinking he intended to wage a jihad against the Indians. Only after the London blasts, did MI5 realise with a rude shock that this Mirpuri was talking not of going to India to wage a jihad against the Indians, but to London to wage a jihad against the British.
"Today, innocent British civilians are paying for the sins of commission and omission of their authorities since jihadi terrorism broke out in Indian territory in 1989. It would be very difficult for the MI5 to have an accurate idea of the number of trained Pakistani jihadis already in their midst. Reliable police sources in Pakistan say that there are at least about 200 trained, potential suicide bombers in the Pakistani Diaspora in the UK waiting for an opportunity to strike. These trained potential suicide bombers also provide a recruitment reservoir for future operations of Al Qaeda in the US homeland.
"The position in the Pakistani Diaspora in the US is somewhat different. The initial wave of migrants to the US from Pakistan consisted largely of Urdu-speaking Mohajirs from Sindh, who originally went to Pakistan from India. The influence of the more tolerant Barelvi sect on them is still very strong. The extremist Deobandi/Wahabi ideology has not yet made the same impact on them as it has on the Punjabi-speaking Pakistani Diaspora in the UK. Moreover, there has hardly been any migration of the Mirpuris from the PoK into the US. Most of the Kashmiri migration into the US has been of ethnic Kashmiris -- either Hindu Pandits, who were driven out of the Valley by the jihadi terrorists after 1989, or sufi Muslims from the valley. The Muslims from the valley, who had migrated to the US from J&K, are politically active against India, but they have so far kept away from the Deobandis and Wahabis.
"Since the 1980s, there has been an increase in the migration of Punjabi-speaking Muslims from Pakistan into the US. There has been growing Deobandi/Wahabi influence on them. It is these elements that al Qaeda has been targeting for recruitment. A saving grace is that the US intelligence has a better awareness than the British of the dangers that could arise from its population of Pakistani origin and has been keeping a tight watch on them. The British are paying a heavy price for their negligence till now."
(B Raman - Rediff.com - January 21, 2009)
There has been considerable anger and indignation in India British Foreign Secretary David Miliband attempt last week to rationalise the terrorist attack in Mumbai, by the Lashkar-e-Tayiba of Pakistan by linking the attack to the Kashmir issue.
None of the indigenous Kashmiri organisations has linked the Mumbai attack to Kashmir. Yet Miliband sought to provide a legitimacy to the LeT's terrorist attack by linking it to Kashmir, disregarding the fact that the attack, as seen from the brutal murder of nine Jewish persons and 12 nationals of Western countries, which have contributed forces to the NATO contingent in Afghanistan, was part of the global jihadi agenda unrelated to either Kashmir or the grievances of Indian Muslims.
The shocking attempt by Miliband to play down the murders of 138 Indians and 25 foreign nationals committed by the Pakistani terrorists should not have come as a surprise to those aware of the historic links of the British intelligence with the Mirpuri migrants from Pakistani-occupied Kashmir in the UK and their important role during elections in certain constituencies which traditionally return Labour candidates to the House of Commons with the support of the Mirpuri vote bank.
In this connection, I am reproducing below extracts from my article in 2007 on home grown jihadis in the UK and US.
"After Pakistan and Afghanistan, the UK has been traditionally for many years the largest sanctuary to foreign terrorists and extremists. Everybody, who is somebody in the world of terrorism, has found a rear base in the UK -- the Khalistanis in the past, the Liberation Tigers of Tamil Eelam, the Mirpuris from PoK, the Chechens, the Al Muhajiroun, the Hizbut Tehrir etc. Having allowed such a medley of terrorists and extremists to operate unchecked from their territory for so long, British intelligence just does not have a correct estimate of how many sleeper cells are operating from their country and of which organisations.
"Since persons of Pakistani origin have been playing an increasingly active role in promoting the activities of al Qaeda, it is necessary to analyse the nature of migration from Pakistan to the UK and the US. Muslims from Pakistan constitute the single largest Muslim migrant group from the sub-continent in both the UK and the US -- followed by Indian and Bangladeshi Muslims. There are estimated to be about 700,000 Muslims of Pakistani origin in the UK. No estimate is available in respect of the US.
"The largest migrant group from Pakistan in the UK are Punjabi-speaking Muslims --from Pakistani Punjab as well as PoK. The migrants from PoK are called Mirpuris. They are not ethnic Kashmiris, but Punjabi-speaking migrants whose families had settled in the Mirpur area of the PoK for generations. They were essentially small farmers and landless labourers, who lost their livelihood as a result of the construction of the Mangla dam. They, therefore, migrated to West Europe -- the largest number to the UK and a smaller number to France, Germany and Scandinavian countries. Many of them preferred to go to the UK because it already had a large Punjabi-speaking community from Pakistani Punjab. The initial Mirpuri migrants, who hardly spoke English, felt themselves comfortable in a Punjabi-speaking environment.
"As the number of Muslims of Pakistani origin in the UK increased, mosques came up to cater to their religious needs. Till 1977, these mosques were headed by clerics from the more tolerant Barelvi Sunni sect. When General Zia-ul-Haq, a devout Deobandi, captured power in Pakistan in 1977, he embarked on a policy of marginalising the influence of Barelvi clerics not only in Pakistan, but also in Europe and increasing the influence of the rabid Deobandis. He inducted Deobandis into the education department as Arab teachers and into the armed forces to cater to the religious needs of the military personnel. He encouraged and helped the Deobandis to take over the mosques in Pakistan and in the UK by replacing the Barelvis. With the induction of an increasing number of Deobandis started the process of the Arabisation/Wahabisation of the Muslims in Pakistan and of the Pakistani Diaspora in the UK.
"The intelligence agencies of the US and the UK went along with Zia's policy of Arabising/Wahabising the Muslims of Pakistan because this contributed to an increase in the flow of jihadis to fight the Soviet troops in Afghanistan. Till 1983, the members of the Pakistani Diaspora in the UK were considered a largely law-abiding people. The first signs of the radicalisation of the Diaspora appeared in 1983 when a group of jihadi terrorists kidnapped Ravi Mhatre, an Indian diplomat posted in the Indian Assistant High Commission in Birmingham, and demanded the release of Maqbool Butt, the leader of the Jammu and Kashmir Liberation Front, who was then awaiting execution in Tihar jail in Delhi following his conviction on charges of murder. When India rejected their demand, the terrorists killed Mhatre and threw his body into one of the streets. This kidnapping and murder was allegedly orchestrated by Amanullah Khan, a Gilgiti from Pakistan. He was assisted by some Mirpuris. The British were uncooperative with India in the investigation and declined to hand over those involved in the kidnapping and murder to India for investigation and prosecution. By closing their eyes to the terrorist activities of the Mirpuris from their territory, they encouraged the further radicalisation of the Diaspora.
"Just as the radicalisation of the Muslims of Pakistan suited the US-UK agenda in Afghanistan, the radicalisation of the Diaspora in the UK, particularly the Mirpuris, suited their agenda for balkanising Yugoslavia in the 1990s. Many Pakistanis from the UK went to the training camps of the Harkat-ul-Ansar (now called the Harkat-ul-Mujahideen) and the Lashkar-e-Tayiba in Pakistan and got themselves trained with the knowledge and complicity of the British. They then went to Bosnia and Kosovo to wage a jihad against the Serbs with arms and ammunition and explosives allegedly supplied by the Iranian intelligence with the tacit consent of the Bill Clinton administration and paid for by the Saudi intelligence. As the Pakistani prime minister between 1993 and 1996, Benazir Bhutto had visited these jihadis in the UK. After waging their jihad against the Serbs, they moved from the UK to Pakistan to join the HUA and the LeT and participate in the jihad against India.
"The most notable example of the home-grown UK jihadis who turned against them is Omar Sheikh. From Bosnia, he came to India to wage a jihad and was arrested by the Indian security forces. He was released following the hijacking of an Indian Airlines plane to Kandahar by a group of Harkat-ul-Maujahideen terrorists. After his release, he went to Pakistan and orchestrated the kidnapping and murder of journalist Daniel Pearl. The second notable example is Rashid Rauf, a Mirpuri, who went to Pakistan from the UK to join the Jaish-e-Mohammad after marrying a relative of Maulana Masood Azhar, the Jaish amir. He was allegedly involved in the plot detected by the London police in August 2006 to blow up a number of US-bound planes. This plot was hatched by some members of the Pakistani Diaspora in the UK. (Rauf was recently killed in a US Predator strike on an al Qaeda hide-out in the Federally-Administered Tribal Areas of Pakistan)
"The Mirpuris were in the forefront of those supporting jihadi terrorism against India in Jammu and Kashmir and other parts of India since 1993, when the Pakistani jihadi organisations of Afghan vintage were infiltrated into India by Pakistan's Inter-Services Intelligence. They collected and sent funds to the jihadi terrorists in India. Many of them underwent training in the camps of the LeT, HuM, JeM and the Harkat-ul-Jihad-al-Islami in Pakistan. The British intelligence was aware of members of the Diaspora going to Pakistan for training, but closed its eyes to it since it thought that they were going to wage a jihad against the Indians in J&K.
"A careful examination of the details relating to the various jihadi terrorism-related cases in the UK would reveal that MI5 was intercepting the telephone conversations of these Mirpuris and other Punjabi Muslims with their friends and relatives in which they spoke of going to Pakistan for jihadi training. It did not take any action against them because it thought that they were going to wage a jihad only against the Indians and hence did not pose a threat to the British. The MI5 intercepted the telephone conversation of even one of the perpetrators of the London blasts of July 2005, about his going to Pakistan for jihadi training. It did not act on it thinking he intended to wage a jihad against the Indians. Only after the London blasts, did MI5 realise with a rude shock that this Mirpuri was talking not of going to India to wage a jihad against the Indians, but to London to wage a jihad against the British.
"Today, innocent British civilians are paying for the sins of commission and omission of their authorities since jihadi terrorism broke out in Indian territory in 1989. It would be very difficult for the MI5 to have an accurate idea of the number of trained Pakistani jihadis already in their midst. Reliable police sources in Pakistan say that there are at least about 200 trained, potential suicide bombers in the Pakistani Diaspora in the UK waiting for an opportunity to strike. These trained potential suicide bombers also provide a recruitment reservoir for future operations of Al Qaeda in the US homeland.
"The position in the Pakistani Diaspora in the US is somewhat different. The initial wave of migrants to the US from Pakistan consisted largely of Urdu-speaking Mohajirs from Sindh, who originally went to Pakistan from India. The influence of the more tolerant Barelvi sect on them is still very strong. The extremist Deobandi/Wahabi ideology has not yet made the same impact on them as it has on the Punjabi-speaking Pakistani Diaspora in the UK. Moreover, there has hardly been any migration of the Mirpuris from the PoK into the US. Most of the Kashmiri migration into the US has been of ethnic Kashmiris -- either Hindu Pandits, who were driven out of the Valley by the jihadi terrorists after 1989, or sufi Muslims from the valley. The Muslims from the valley, who had migrated to the US from J&K, are politically active against India, but they have so far kept away from the Deobandis and Wahabis.
"Since the 1980s, there has been an increase in the migration of Punjabi-speaking Muslims from Pakistan into the US. There has been growing Deobandi/Wahabi influence on them. It is these elements that al Qaeda has been targeting for recruitment. A saving grace is that the US intelligence has a better awareness than the British of the dangers that could arise from its population of Pakistani origin and has been keeping a tight watch on them. The British are paying a heavy price for their negligence till now."
Tuesday, January 6, 2009
Bombay Stock Exchange history
Bombay Stock Exchange history
Following is the timeline on the rise and rise of the Sensex through Indian stock market history.
1800s
1830's Business on corporate stocks and shares in Bank and Cotton presses started in Bombay.
1860-1865 Cotton price bubble as a result of the American Civil War
1870 - 90's Sharp increase in share prices of jute industries followed by a boom in tea stocks and coal
1900s
1978-79 Base year of Sensex, defined to be 100.
1986 Sensex first compiled using a market Capitalization-Weighted methodology for 30 component stocks representing well-established companies across key sectors.
Since 1990
1000, July 25, 1990 On July 25, 1990, the Sensex touched the magical four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon season and excellent corporate results.
July 1991 Rupee devalued by 18-19 %[6]
January 15, 1992 On January 15, 1992, the Sensex crossed the 2,000-mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken by the then finance minister and current Prime Minister Dr Manmohan Singh.
February 29, 1992 On February 29, 1992, the Sensex surged past the 3000 mark in the wake of the market-friendly Budget announced by the then Finance Minister, Dr Manmohan Singh.
March 30, 1992 On March 30, 1992, the Sensex crossed the 4,000-mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling.
October 8, 1999 On October 8, 1999, the Sensex crossed the 5,000-mark as the BJP-led coalition won the majority in the 13th Lok Sabha election.
February 11, 2000 On February 11, 2000, the infotech boom helped the Sensex to cross the 6,000-mark and hit and all time high of 6,006.
Feb 14, 2000 Tops & hits 6151. Index declines until Sept 2001 and loses half the value. Coincides with dot-com bubble burst.
Sept 21, 2001 Bottoms & hits 2595.
June 20, 2005 On June 20, 2005, the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL, Reliance Energy, Reliance Capital, and IPCL made huge gains. This helped the Sensex crossed 7,000 points for the first time.
September 8, 2005 On September 8, 2005, the Bombay Stock Exchange's benchmark 30-share index -- the Sensex -- crossed the 8000 level following brisk buying by foreign and domestic funds in early trading.
November 28, 2005 The Sensex on November 28, 2005 crossed the magical figure of 9000 to touch 9000.32 points during mid-session at the Bombay Stock Exchange on the back of frantic buying spree by foreign institutional investors and well supported by local operators as well as retail investors.
February 6, 2006 The Sensex on February 6, 2006 touched 10,003 points during mid-session. The Sensex finally closed above the 10K-mark on February 7, 2006.
March 21, 2006 The Sensex on March 21, 2006 crossed the magical figure of 11,000 and touched a life-time peak of 11,001 points during mid-session at the Bombay Stock Exchange for the first time. However, it was on March 27, 2006 that the Sensex first closed at over 11,000 points.
April 20, 2006 The Sensex on April 20, 2006 crossed the 12,000-mark and closed at a peak of 12,040 points for the first time.
October 30, 2006 The Sensex on October 30, 2006 crossed the magical figure of 13,000 and closed at 13,024.26 points, up 117.45 points or 0.9%. It took 135 days for the Sensex to move from 12,000 to 13,000 and 123 days to move from 12,500 to 13,000.
December 5, 2006 The Sensex on December 5, 2006 crossed the 14,000-mark to touch 14,028 points. It took 36 days for the Sensex to move from 13,000 to the 14,000 mark.
July 6, 2007 The Sensex on July 6, 2007 crossed the magical figure of 15,000 to touch 15,005 points in afternoon trade. It took seven months for the Sensex to move from 14,000 to 15,000 points.
September 19, 2007 The Sensex scaled yet another milestone during early morning trade on September 19, 2007. Within minutes after trading began, the Sensex crossed 16,000, rising by 450 points from the previous close. The 30-share Bombay Stock Exchange's sensitive index took 53 days to reach 16,000 from 15,000. Nifty also touched a new high at 4659, up 113 points.
The Sensex finally ended with a gain of 654 points at 16,323. The NSE Nifty gained 186 points to close at 4,732.
September 26, 2007 The Sensex scaled yet another height during early morning trade on September 26, 2007. Within minutes after trading began, the Sensex crossed the 17,000-mark . Some profit taking towards the end, saw the index slip into red to 16,887 - down 187 points from the day's high. The Sensex ended with a gain of 22 points at 16,921.
October 09, 2007 The BSE Sensex crossed the 18,000-mark on October 09, 2007. It took just 8 days to cross 18,000 points from the 17,000 mark. The index zoomed to a new all-time intra-day high of 18,327. It finally gained 789 points to close at an all-time high of 18,280. The market set several new records including the biggest single day gain of 789 points at close, as well as the largest intra-day gains of 993 points in absolute term backed by frenzied buying after the news of the UPA and Left meeting on October 22 put an end to the worries of an impending election.
19,000, October 15, 2007 The Sensex crossed the 19,000-mark backed by revival of funds-based buying in blue chip stocks in metal, capital goods and refinery sectors. The index gained the last 1,000 points in just four trading days. The index touched a fresh all-time intra-day high of 19,096, and finally ended with a smart gain of 640 points at 19,059.The Nifty gained 242 points to close at 5,670.
October 29, 2007 The Sensex crossed the 20,000 mark on the back of aggressive buying by funds ahead of the US Federal Reserve meeting. The index took only 10 trading days to gain 1,000 points after the index crossed the 19,000-mark on October 15. The major drivers of today's rally were index heavyweights Larsen and Toubro, Reliance Industries, ICICI Bank, HDFC Bank and SBI among others. The 30-share index spurted in the last five minutes of trade to fly-past the crucial level and scaled a new intra-day peak at 20,024.87 points before ending at its fresh closing high of 19,977.67, a gain of 734.50 points. The NSE Nifty rose to a record high 5,922.50 points before ending at 5,905.90, showing a hefty gain of 203.60 points.
January 8, 2008 The sensex peaks. It crossed the 21,000 mark in intra-day trading after 49 trading sessions. This was backed by high market confidence of increased FII investment and strong corporate results for the third quarter. However, it later fell back due to profit booking.
June 13, 2008 The sensex closed below 15,200 mark, Indian market suffer with major downfall from January 21,2008
June 25, 2008 The sensex touched an intra day low of 13,731 during the early trades, then pulled back and ended up at 14,220 amidst a negative sentiment generated on the Reserve Bank of India hiking CRR by 50 bps. FII outflow continued in this week.
July 2, 2008 The sensex hit an intra day low of 12,822.70 on July 2nd, 2008. This is the lowest that it has ever been in the past year. Six months ago, on January 10th, 2008, the market had hit an all time high of 21206.70. This is a bad time for the Indian markets, although Reliance and Infosys continue to lead the way with mostly positive results. Bloomberg lists them as the top two gainers for the Sensex, closely followed by ICICI Bank and ITC Ltd.
Oct 6, 2008 The sensex closed at 11801.70 hitting the lowest in the past 2 years.
Oct 10, 2008 The Sensex today closed at 10527,800.51 points down from the previous day having seen an intraday fall of as large as 1063 points. Thus,this week turned out to be the week with largest percentage fall in the Sensex.
(Article Link - http://en.wikipedia.org/wiki/Bombay_Stock_Exchange)
Following is the timeline on the rise and rise of the Sensex through Indian stock market history.
1800s
1830's Business on corporate stocks and shares in Bank and Cotton presses started in Bombay.
1860-1865 Cotton price bubble as a result of the American Civil War
1870 - 90's Sharp increase in share prices of jute industries followed by a boom in tea stocks and coal
1900s
1978-79 Base year of Sensex, defined to be 100.
1986 Sensex first compiled using a market Capitalization-Weighted methodology for 30 component stocks representing well-established companies across key sectors.
Since 1990
1000, July 25, 1990 On July 25, 1990, the Sensex touched the magical four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon season and excellent corporate results.
July 1991 Rupee devalued by 18-19 %[6]
January 15, 1992 On January 15, 1992, the Sensex crossed the 2,000-mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken by the then finance minister and current Prime Minister Dr Manmohan Singh.
February 29, 1992 On February 29, 1992, the Sensex surged past the 3000 mark in the wake of the market-friendly Budget announced by the then Finance Minister, Dr Manmohan Singh.
March 30, 1992 On March 30, 1992, the Sensex crossed the 4,000-mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling.
October 8, 1999 On October 8, 1999, the Sensex crossed the 5,000-mark as the BJP-led coalition won the majority in the 13th Lok Sabha election.
February 11, 2000 On February 11, 2000, the infotech boom helped the Sensex to cross the 6,000-mark and hit and all time high of 6,006.
Feb 14, 2000 Tops & hits 6151. Index declines until Sept 2001 and loses half the value. Coincides with dot-com bubble burst.
Sept 21, 2001 Bottoms & hits 2595.
June 20, 2005 On June 20, 2005, the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL, Reliance Energy, Reliance Capital, and IPCL made huge gains. This helped the Sensex crossed 7,000 points for the first time.
September 8, 2005 On September 8, 2005, the Bombay Stock Exchange's benchmark 30-share index -- the Sensex -- crossed the 8000 level following brisk buying by foreign and domestic funds in early trading.
November 28, 2005 The Sensex on November 28, 2005 crossed the magical figure of 9000 to touch 9000.32 points during mid-session at the Bombay Stock Exchange on the back of frantic buying spree by foreign institutional investors and well supported by local operators as well as retail investors.
February 6, 2006 The Sensex on February 6, 2006 touched 10,003 points during mid-session. The Sensex finally closed above the 10K-mark on February 7, 2006.
March 21, 2006 The Sensex on March 21, 2006 crossed the magical figure of 11,000 and touched a life-time peak of 11,001 points during mid-session at the Bombay Stock Exchange for the first time. However, it was on March 27, 2006 that the Sensex first closed at over 11,000 points.
April 20, 2006 The Sensex on April 20, 2006 crossed the 12,000-mark and closed at a peak of 12,040 points for the first time.
October 30, 2006 The Sensex on October 30, 2006 crossed the magical figure of 13,000 and closed at 13,024.26 points, up 117.45 points or 0.9%. It took 135 days for the Sensex to move from 12,000 to 13,000 and 123 days to move from 12,500 to 13,000.
December 5, 2006 The Sensex on December 5, 2006 crossed the 14,000-mark to touch 14,028 points. It took 36 days for the Sensex to move from 13,000 to the 14,000 mark.
July 6, 2007 The Sensex on July 6, 2007 crossed the magical figure of 15,000 to touch 15,005 points in afternoon trade. It took seven months for the Sensex to move from 14,000 to 15,000 points.
September 19, 2007 The Sensex scaled yet another milestone during early morning trade on September 19, 2007. Within minutes after trading began, the Sensex crossed 16,000, rising by 450 points from the previous close. The 30-share Bombay Stock Exchange's sensitive index took 53 days to reach 16,000 from 15,000. Nifty also touched a new high at 4659, up 113 points.
The Sensex finally ended with a gain of 654 points at 16,323. The NSE Nifty gained 186 points to close at 4,732.
September 26, 2007 The Sensex scaled yet another height during early morning trade on September 26, 2007. Within minutes after trading began, the Sensex crossed the 17,000-mark . Some profit taking towards the end, saw the index slip into red to 16,887 - down 187 points from the day's high. The Sensex ended with a gain of 22 points at 16,921.
October 09, 2007 The BSE Sensex crossed the 18,000-mark on October 09, 2007. It took just 8 days to cross 18,000 points from the 17,000 mark. The index zoomed to a new all-time intra-day high of 18,327. It finally gained 789 points to close at an all-time high of 18,280. The market set several new records including the biggest single day gain of 789 points at close, as well as the largest intra-day gains of 993 points in absolute term backed by frenzied buying after the news of the UPA and Left meeting on October 22 put an end to the worries of an impending election.
19,000, October 15, 2007 The Sensex crossed the 19,000-mark backed by revival of funds-based buying in blue chip stocks in metal, capital goods and refinery sectors. The index gained the last 1,000 points in just four trading days. The index touched a fresh all-time intra-day high of 19,096, and finally ended with a smart gain of 640 points at 19,059.The Nifty gained 242 points to close at 5,670.
October 29, 2007 The Sensex crossed the 20,000 mark on the back of aggressive buying by funds ahead of the US Federal Reserve meeting. The index took only 10 trading days to gain 1,000 points after the index crossed the 19,000-mark on October 15. The major drivers of today's rally were index heavyweights Larsen and Toubro, Reliance Industries, ICICI Bank, HDFC Bank and SBI among others. The 30-share index spurted in the last five minutes of trade to fly-past the crucial level and scaled a new intra-day peak at 20,024.87 points before ending at its fresh closing high of 19,977.67, a gain of 734.50 points. The NSE Nifty rose to a record high 5,922.50 points before ending at 5,905.90, showing a hefty gain of 203.60 points.
January 8, 2008 The sensex peaks. It crossed the 21,000 mark in intra-day trading after 49 trading sessions. This was backed by high market confidence of increased FII investment and strong corporate results for the third quarter. However, it later fell back due to profit booking.
June 13, 2008 The sensex closed below 15,200 mark, Indian market suffer with major downfall from January 21,2008
June 25, 2008 The sensex touched an intra day low of 13,731 during the early trades, then pulled back and ended up at 14,220 amidst a negative sentiment generated on the Reserve Bank of India hiking CRR by 50 bps. FII outflow continued in this week.
July 2, 2008 The sensex hit an intra day low of 12,822.70 on July 2nd, 2008. This is the lowest that it has ever been in the past year. Six months ago, on January 10th, 2008, the market had hit an all time high of 21206.70. This is a bad time for the Indian markets, although Reliance and Infosys continue to lead the way with mostly positive results. Bloomberg lists them as the top two gainers for the Sensex, closely followed by ICICI Bank and ITC Ltd.
Oct 6, 2008 The sensex closed at 11801.70 hitting the lowest in the past 2 years.
Oct 10, 2008 The Sensex today closed at 10527,800.51 points down from the previous day having seen an intraday fall of as large as 1063 points. Thus,this week turned out to be the week with largest percentage fall in the Sensex.
(Article Link - http://en.wikipedia.org/wiki/Bombay_Stock_Exchange)
Subscribe to:
Posts (Atom)