Does 30,000 on the Sensex really matter?

Seasoned investors don't care as much about the milestone as the journey

N Sundaresha Subramanian  |  New Delhi 

30,000 is a nice round number. The BSE exchange's benchmark index, the Sensex, closed above this level for the first time in history last week. There have been calls for celebration and caution at the same time. Is this a significant milestone? If you look at the previous two 10,000-point milestones on the index, I don't remember Mt 10,000 as much as I recall 20,000. The latter peak is etched in memory because of the euphoria it came with and the painful fall that followed. One needs to google to find out that 10,000 was crossed sometime in February 2006. Though a big event at ...

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Does 30,000 on the Sensex really matter?

Seasoned investors don't care as much about the milestone as the journey

STREET FOOD30,000 is a nice round number. The BSE exchange's benchmark index, the Sensex, closed above this level for the first time in history last week. There have been calls for celebration and caution at the same time. Is this a significant milestone? If you look at the previous two 10,000-point milestones on the index, I don't remember Mt 10,000 as much as I recall 20,000. The latter peak is etched in memory because of the euphoria it came with and painful fall that followed. One needs to google to find 10,000 was crossed sometime in February 2006. Though a big event at the time, the index would rush past so many milestones in the next two years that 10,000 has faded in public memory. Which of its two predecessors is the third 10,000 to follow? Maybe what happens in these weeks and months after 30,000 would determine the significance of the landmark. Seasoned investors do not care as much about the milestone as the journey itself. "I am not a big believer in the notion of the .. 30,000 is a nice round number. The BSE exchange's benchmark index, the Sensex, closed above this level for the first time in history last week. There have been calls for celebration and caution at the same time. Is this a significant milestone? If you look at the previous two 10,000-point milestones on the index, I don't remember Mt 10,000 as much as I recall 20,000. The latter peak is etched in memory because of the euphoria it came with and the painful fall that followed. One needs to google to find out that 10,000 was crossed sometime in February 2006. Though a big event at ... image
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