Market analysts were assuming that the Sensex could break the record of 50,000 this year, but no one was expected to touch this record so soon. After the swearing-in of Joe Biden, global markets were up in anticipation of new relief measures in the market. Apart from this, there are expectations in the market coming on 1 February. At the same time, the market is also trading on the vaccination sentiment of Kovid-19.
After setting this record of the Sensex on Thursday, the Bombay Stock Exchange shared the journey of the Sensex in figures. Once, looking at the data, we are seeing how the Sensex touched the 50,000 mark on December 21, 2020, touching the 1,000 mark in 1990.
– BSE India (@BSEIndia) January 21, 2021
The Sensex first touched the 1,000 mark in July 1990. Sensex touched 5,000 in October 1999, 10,000 in February 2006 and reached 15,000 in July 2007. In December 2007 itself, the Sensex touched the 20,000 mark. But it took the Sensex almost seven years to reach 25,000. The Sensex touched 25,000 in May 2014, then reached 30,000 in March 2015. Nearly three years later, in January 2018, the index hit 35,000 and then….
The Sensex touched 40,000 in February 2020, reaching 45,000 on December 4, 2020, and within a year, in January 2021, it had jumped 10,000 points to reach the 50,000 mark.
Please tell that since the arrival of Joe Biden, a more economic package is expected in the economy. America’s designated finance minister Janet Yellen has already called for a massive stimulus package to protect the American economy. He has proposed a stimulus package of 1.9 thousand billion dollars to boost the economy, after which enthusiasm is being seen in the domestic market along with global markets.
(With input from agencies)
Sensex crosses 50000 for the first time, Nifty also rises