The 30-stock benchmark of the Bombay Stock Exchange crossed the 50,000 mark for the primary time on Thursday morning. The SENSEX soared previous the 50,000 mark with international inflows and gas surge. As it crosses previous the historic 50,000 mark, it has created one other historical past, as that is the quickest 10,000 factors climb.
Checkout the journey of #Sensex because it crosses 50k for the primary time #Sensex50k #BSE pic.twitter.com/ZULK533iL8— BSE India (@BSEIndia) January 21, 2021
The official Twitter deal with of the BSE India shared a information graph depicting the journey of the SENSEX. It exhibits the SENSEX crossing 1000 factors for the primary time in 1990, and the following rises and falls all through the years.
As per a Deccan Herald report, the SENSEX breaching the 50,000 mark created one other document of the quickest 10,000 factors climb. Earlier, the SENSEX had taken 633 days to go from 10,000 factors to succeed in 20,000 factors again in 2007. It had crossed the 40,000 mark 610 days again.
The SENSEX had taken 7507 days to go from 100 factors to 10,000 and 633 days to succeed in 20,000. From 20,000 to 30,000 the journey had taken 2,680 days and from 30,000 to 40,000 it had taken 1,541 days.
Many economists and specialists have shared celebratory messages and have congratulated the BSE for reaching this milestone.
BSE Sensex at 50k & Nifty nearly 15k!!I often chorus from commenting on monetary markets, however am making an exception right here.Whatever one thinks of valuations, that is fairly a milestone given the occasions of the previous yr. pic.twitter.com/2pvxs5tlu1— Sanjeev Sanyal (@sanjeevsanyal) January 21, 2021
The SENSEX had opened at a document excessive at present. Yesterday, with a worldwide rally together with the US Presidential inauguration, the index had surged 394 factors and had closed at a document excessive of 49,792. The surge is being attributed to international funds shopping for into the Indian market.