Mumbai: The BSE Sensex of the Indian stock market reached a record level of 60,000 for the first time. It took only 167 trading days for the BSE-Sensex index to reach the 50,000 to 60,000 mark. Sensex climbs 10,000 points, fastest pace ever. Earlier it took 931 trading sessions to jump 10,000 points.
It took a little over 31 years for the Sensex to reach the 1,000-mark from the historic 60,000-mark. The index stood at 1,000 on 25 July 1990 and touched the 30,000 mark on 4 March 2015.
It took 25 years for the Sensex to touch the 30,000 mark. In the subsequent six years, the Sensex rose from 30,000 to 60,000.
4 major companies contributed the most
The journey of stock market from 50,000 to 60,000 mark has been led by various companies. But the contribution of the four companies has been the highest.
Infosys (up 30 per cent), Reliance Industries (up 19 per cent), ICICI Bank (up 30 per cent), and Bharti Airtel (up 25 per cent) have been the major contributors to the Sensex’s 20 per cent rise from the 50,000 level.
Experts believe that the income of index companies will increase by more than 35 percent in the current financial year and more than 20 percent in the next financial year. At the same time, economic growth is expected to pick up in the midst of increased vaccination of corona and the risk of the third wave of corona epidemic subsiding.
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