New Delhi: Finance Minister P Chidambaram said he would be happy as long as the BSE Sensex, which touched 6,200 points today (Nov 30, 2004), was driven by the fundamentals of the economy.

"I don't react (on the ups and downs of the market). As long as the Sensex is driven by the fundamentals of the economy, I am very happy," he said when pointed to the surge in market index.

The BSE Sensex touched 6,200 points in early hours of trading today mainly due to hefty buying activity by foreign institutional investors.

After opening at 6195.02 from yesterday's close of 6157.77, the BSE barometer rallied sharply to a high of 6224.70, a tad away from the historic high of 6249.60 on January 1, 2004.

Although markets are bullish, there is an apprehension of a lower GDP growth at about 6-6.5 per cent after a lower-than-expected monsoon and farm output, along with oil price pressures.

Last fiscal, the economy logged 8.2 per cent backed by a bumper harvest and robust show by manufacturing and services sector.