The Mumbai Stock Exchange Index, Sensex, touched all time high of 19235 today.This happened due to some solid performance of Capital Goods sector led by Larsen and Toubro recording a massive 73% profit growth from the previous quarter.

Biggest Sensex gainers were Larsen & Toubro (up 11.24%), State Bank of India (5.58%), BHEL (4.84%), Tata Steel (3.88%) and Mahindra & Mahindra (3.69%). Hindustan Unilever (down 1.22%), Dr.Reddy’s Laboratories (0.91%), ITC (0.68%), Wipro (0.57%), Ranbaxy Laboratories (0.47%) and Cipla (0.27%) were the laggards.

It looks like a Diwali run of 20K at the Sensex is imminent. Some time back Mr Rakesh Jhunjhunwala, The Indian Warren Buffet, had quoted that if the Indian companies show growth in their earnings like this for next 6 years or so then  it is likely that Sensex may touch 50,000. Thats a lot of growth and return for the investors.

If you are still thinking where to put your money,…U bet!