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At 17,000, the Sensex has crossed an important psychological and technical level. On September 26, 2007, it had for the first time gone over the 17,000 mark. Over the next seven months, it crossed several milestones to top 21,000 in early-January 2008. But within the next 10 months, it had lost nearly two-third of its value to a multi-year low of 7,700 in late October of the year.
In less than a year from then, the yo-yo is back at 17,000. However, investors’ wealth, measured by BSE’s market capitalisation, is now Rs 6 lakh crore more than what it was when the Sensex had crossed the 17,000-mark earlier.
If you had invested Rs 1lakh in each of the 30 stocks on September 26, 2007, when the Sensex was at 17K, today you would have made..