For the first time in the history of India, the Bombay Stock Exchange’s Sensex rocketed to its all-time high of 50,000 points! This is a record high and what is more, it has been achieved at a time when coronavirus has affected all corporates and economies too.

BSE Sensex gained 271 points to cross the historic 50,000 points benchmark, while Nifty Fifty was up 88 points to reach a record of 14,732 points on Thursday morning. Coming a day after Joe Biden’s inauguration as US President, the BSE Sensex mirrored its Asian counterparts in having a gap-up opening.

Around 9.50 a.m., it was trading at 50,062.58, higher by 270.46 points or 0.54 percent from its previous close of 49,792.12.

 

The official Twitter handle of the BSE India shared an info graph depicting the journey of the SENSEX. It shows the SENSEX crossing 1000 points for the first time in 1990, and the subsequent rises and falls throughout the years.

As per a Deccan Herald report, the SENSEX breaching the 50,000 mark created another record of the fastest 10,000 points climb. Earlier, the SENSEX had taken 633 days to go from 10,000 points to reach 20,000 points back in 2007. It had crossed the 40,000 mark 610 days back.

The SENSEX had taken 7507 days to go from 100 points to 10,000 and 633 days to reach 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.

 

The Nifty50 on the National Stock Exchange (NSE) also touched a new record high of 14,738.30 points. It was trading at 14,720, higher by 75.30 points or 0.51 percent from its previous close.

 

The top gainers on the Sensex were Bajaj Finance, Bajaj Finserv and HCL Technologies, Bajaj Auto, Titan, RIL, Tech Mahindra, Kotak Bank, IndusInd Bank, Asian Paint, Axis Bank and DrReddy, rising upto 2.61 percent.

 

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