When the Sensex closed on Monday at an all-time high of 8138.42, up 78.41 points over Friday's close of 8060.01, it had posted its fastest 500-point rise in the last two years, taking just nine days to reach the mark.
This is two days less than the 11 trading days, between September 24 and October 13, 2003 that the Sensex took to surge by 552.12 points.
The 503.99 points rally from the Sensex close of 7634.43 on August 29 to 8138.42 on Monday was fuelled by five heavyweights: Reliance Industries, Infosys Technologies, ICICI Bank, ITC and the SBI. These five, accounting for a 40.71 per cent weighting, added 248.70 points.
Of the 30 Sensex stocks, only Larsen and Toubro ended with losses. The shares of Larsen & Toubro declined marginally by 0.71 per cent to Rs 1330.15 on Monday. The major gainers in the 504-point rally have been automobile sector scrips.
Hero Honda Motors was the largest gainer, surging 9.48 per cent to Rs 702.80 from Rs 641.95 on August 29. Maruti Udyog gained 7.90 per cent to Rs 502.65 (Rs 465.85), Tata Motors moved up 6.64 per cent to Rs 495.60 (Rs 464.75) and Bajaj Auto was up 6.61 per cent to Rs 1,468.30 (Rs 1,377.20).
The total market value of the 30 Sensex stocks in the nine trading days increased by Rs 39,421 crore (Rs 394.21 billion) from Rs 10,00,030 crore (Rs 10000.3 billion) on August 29 to Rs 10,39,451 crore (Rs 10394.51 billion).
However, the total market capitalisation of the Bombay Stock Exchange increased by Rs 81,082 crore (Rs 810.82 billion) to Rs 21,74,892 crore (Rs 21748.92 billion) from Rs 20,93,809 crore (Rs 20938.09 billion).
The fastest-ever 500-plus Sensex rally was posted in 1992 when the index gained 674.16 points in just three trading days between March 20 and March 25.


