Tuesday, June 21 2005 10:40 Hrs (IST) - World Time -

Mumbai: Indian stock markets created history with the Sensex breaching a psychological level of 7000 mark, after travelling a long journey of 15 years since July 1990 when it touched the 4-digit level for the first time.

The Bombay Stock Exchange (BSE) Sensex, a barometer for Indian economy and the capital market, was at 1007.97 level on July 25, 1990.

In the last 15 years Indian stock markets have witnessed various highs and lows with different corporate houses making entry in the markets.

Reliance Group has always been considered as pioneer for generating interest in the stock market and it is the same group, which today led the Sensex to touch the 7000-mark.

The Sensex crossed 2000-mark (2020.18) on Jan 15, 1992, 3000-mark (3333) on March 2. This was the period when the Indian stock market saw the entry of big bull Harshad Mehta.

The Sensex reached the level of 4000-mark (March 30, 1992). Within a short span of less than three months the Sensex zoomed from 2000-mark to 4000-mark mainly under the influence of Harshad Mehta.

Some of the stock, which witnessed unbelievably high levels, mostly IT related companies, never returned to that level till today. The rally came to a halt with outbreak of stock scam and again started looking upward in 1994 with Government following the process of economic reforms.

After a gap of nearly five years the Sensex again looked up to touch the new high of 5031.78 on October 11, 1999.

The crucial 6000-mark was crossed in January 2004 when the Sensex touched 6026.59 on January 2 and finally the Sensex created a history of 7000 mark today.