The Bombay Stock Exchange (^BSESN : 20032.34 +91.3)'s benchmark Sensex is likely to hit the much awaited psychological level of 21,000 in the next week, driven by the smart RIL (RELIANCE.NS : 1096.25 +14.25
) numbers and expectations of robust listing of the Coal India IPO, say analysts.
Sensex, which saw a subdued performance last week by shedding 0.66 per cent, mainly on account of tight liquidity, may bounce back by surging over a staggering 1,000 points.
"The country's most valued firm Reliance Industries has posted better-than-expected second quarter numbers, which will boost the investor sentiment and lead the market to the 21,000-mark on Diwali," CNI Research Chairman and Managing Director Kishore P Ostwal said.
On Saturday, Mukesh Ambani-led Reliance Industries had posted a robust growth of 27.8 per cent in its net profit for the second quarter ended September 30, at Rs 4,923 crore against Rs 3,852 crore in the year-ago period.
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