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When the Sensex crossed 16,000
Indian markets achieved yet another milestone on Wednesday; within seconds after trading opened, the Bombay Stock Exchange's Sensex hit a new high.
The 30-share index took 53 days to go from 15,000 to 16,000. The NSE Nifty was also at a new high at 4659, up 113 points.
The unprecedented Bull Run started on May 6, 2003, when the Sensex was hovering at 3,001.21. In took just 67 trading sessions to cross the 4,000-mark on August 19, 2003.
The rally has since continued and the index gained another 1,000 points in 54 trading sessions to post 5,068.66 points on November 3, 2003.
Also See: From 1,000 to 16,000!
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An Indian investor talks on his phone after Sensex soared more than three per cent to a new intra-day record above 16,000 points, outside the Bombay Stock Exchange building, on Wednesday, September 19.
Photograph: Sajjad Hussain/AFP/Getty Images