Indian Stock markets have crossed the 17000 mark. The markets were strong on back of IT Stock and Reliance. This is the fastest gain of 1000 points by BSE Sensex and Bulls have done this is just one week. Technology, market laggards, also participated in the last lap, driving the Sensex to a record high of 17,025.07 early Wednesday.

During the early trades, the markets jumped by nearly 90 points to be close to 17000 target. Infosys, Satyam Computers, Wipro and ICICI bank were among the gainers in Sensex stocks. Markets soon touched their highest 17,025 points.

NSE Nifty gained 22 points during the early trading as fresh buying continued in select stocks.

All Asian markets are strong. Analysts were expecting the market to remain range bound, but markets have surprised with decent gains in a very short time. Markets may be ready for correction, but from the current market trend it seems like Bulls are not in a mood to stop yet. Indian markets have offered very nice returns since the start of 2007.