BSE Sensex breaches 50,000 for first time

The BSE Sensex has for the primary time breached the 50,000-mark in pre-opening session Thursday. It jumped over 240 factors or 0.50 per cent to succeed in the all-time excessive. Meanwhile,the broader Nifty 50 index crossed the essential 14,700. T
The market sentiment appears to have been lifted as a result of elements like Joe Biden’s swearing-in as forty sixth US president, the run-up to the Union Budget 2021, Covid-19 vaccination drive and different international cues.
On Wednesday, the BSE closed at 49,792 after touching an intra-day excessive of 49, 875. And the NSE Nifty settled at 14,645. Gains from IT and auto shares and constructive cues from international markets has led the almost 400-point rally.