Benchmark equity indices surged to their new highs on Friday, with the Sensex touching the 23,000-point mark for the first time ever, as foreign institutional buying gathered pace on renewed confidence that Bharatiya Janata Party-led NDA?s prime ministerial candidate Narendra Modi will come to power in the on-going general elections.
Following are the last five major BSE Sensex rallies since 2009:
Date: May 4, 2009
BSE Sensex: 12,134.75
Points: +731.50
Gain (%): 6.4
Remarks: Factory output grows for first time in five months, boosting recovery hopes
Date: May 18, 2009
BSE Sensex: 14,284.21
Points: +2,110.79
Gain (%): 17.3
Remarks: UPA wins general election, contrary to expectations of a fractured Parliament
Date: Sept 10, 2013
BSE Sensex: 19,997.10
Points: +727.04
Gain (%): 3.8
Remarks: India?s trade deficit narrows, rupee appreciates 2.15%
Date: Sept 19, 2013
BSE Sensex: 20,646.64
Points: +684.48
Gain (%): 3.4
Remarks: US Fed delays taper
Date: May 9, 2014
BSE Sensex: 222,994.23
Points: +650.19
Gain (%): 2.9
Remarks: Street turns confident of NDA win and a stable Central government
