NEW DELHI: Sensex and master blaster Sachin Tendulkar seem to have some correlation. The day that Sensex hit the historic 31,000 mark is the day of the release of Tendulkar’s biographical film, Sachin: A Billions Dream. Historical data seems to support this correlation.
Consider this: The 30-share BSE Sensex hit the 5,000 mark for the first time in 1999. And guess what! Sachin’s total test runs also crossed the level of 5,000 during the same year.
Coincidence? Well, take a look at this: Sensex crossed the 10,000 mark in 2005. That was the year when the legendary cricketer scored 10,000 test runs.
The year 2011 saw many similarities between performance of Sensex and Tendulkar. The BSE Sensex closed the year at 15,543. Meanwhile, Sachin’s total test runs breached the 15,000 mark by the end of that year.
Now, let’s look at the present day scenario. Sachin Tendulkar crossed another landmark with the release of his biopic, Sachin: A Billion Dreams; and simultaneously BSE benchmark Sensex hit another historic high.
Nobody knows how far this Sensex-Sachin bonding will go.
The BSE Sensex on Friday closed 278.18 points, or 0.90 per cent, up at 31038.21, while the NSE Nifty index also scaled new record high and settled 85.35 points, or 0.90 per cent, up at 9,595.10.
Meanwhile, overall market sentiments are looking bullish on account robust inflows from foreign portfolio investors (FPI). FIIs and DIIs have poured Rs 8,218 crore and Rs 15,976 crore in equity and debt, respectively, so far in May. Their total net investment in equities and debt stood at Rs 15,862 crore, Rs 56,261 crore and Rs 22,758 crore in February, March and April, respectively.