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City stockbrokers euphoric

india Updated: Oct 31, 2006 16:11 IST
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IT WAS a post-Diwali celebration for the stock market as markets closed on a new high on a day, with the Sensex closing above the 13,000 mark for the first time ever on Monday.   

The Sensex closed at 13,024.26 up 117.45 points or 0.9 per cent. 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.

The news brought cheers among the stockbrokers and investors in the City. The Bhopal Stock Investors Association and all brokering firms celebrated the event by firing crackers and distributing sweets. The investors from Bhopal were also found in a jubilant mood.

City-based stockbroker and Kalpataru Multiplier Limited Chairman Ramesh Chandra Manya attributed this achievement to the Union Finance Minister and SEBI Chairman.

Bhopal Stock Investors Association President Santosh Kumar Agarwal said the changing economic scenario and the government aiming at a double-digit Gross Domestic Product (GDP) growth has resulted into the phenomenal hike in Sensex.