Sensex world's 33rd index to scale 20K
India becomes the 20th nation to have seen its stock mkt benchmark index enter the league of bourses that have touched this milestone.business Updated: Oct 29, 2007 21:10 IST
India on Monday became the 20th nation in the world to have seen its stock market benchmark enter the league of bourses that have touched the 20,000-point milestone.
The bellwether index, Sensex, on Monday breached the 20K level in intra-day trade for the first time in its over two-decade history. As many as 32 indices spanning across 19 countries have already crossed this mark.
After crossing the magical figure in late afternoon trade, the Sensex, however, fell to close at 19,977.67.
In Asia, the bellwether index is second only to Hong Kong's Hang Seng to achieve this feat, while markets like China and Japan are yet to see any of their indices touching 20K points.
Even in the West, markets like the US, UK, Canada, Germany and France have not seen their indices reaching this mark.
The countries whose stock market indices have crossed 20k level include Mexico, Brazil, Argentina, Venezeula, Peru, Costa Rica, Jamaica, Italy, Poland, Russia, Hungary, Ukraine, Turkey, South Africa, Egypt, Morocco, Nigeria and Hong Kong.
Italy and Hong Kong have four indices each trading above 20K level, while South Africa and Peru have three such indices each. Mexico and Russia have two such indices each, while others have one index each to have crossed 20k level.
Argentina's Indice Bolsa General is trading above 1,28,300 points, while Jamaica's JSE Market Index is near 99,000 level.
Other big indices in terms of sheer value include Egypt's Hermes Index, Russia's ASP General, Brazil's Bovesta Index, Poland's WSE WIG Index, Turkey's ISE National 100 Index and benchmark index of Nigeria stock exchange, all of which are quoted above 50K points.