How Sensex completed its journey from 1000 to 50,000 in 30 years, will continue to rise in the future! Find out ....

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Mumbai, Ta. Thursday, January 21, 2021

The BSE benchmark Sensex today set a new record. Today, for the first time in history, the Sensex has crossed 50,000. However, the Sensex has had to travel 35 years to reach here. At the same time, the wealth of investors in the stock market has reached around Rs 200 lakh crore. The Sensex crossed 1000 for the first time in 1990.

The Sensex touched a new high on Thursday on buying by domestic and foreign investors. Reliance Industries, Financial and IT stocks, the country's most valuable companies, have been instrumental in crossing the 50,000 mark.

The Sensex has gained 24,500 points in 208 days. When the Corona epidemic knocked on the door in late March last year, no one thought the Sensex would reach this point. On March 24, the Sensex (25,639) slipped to a 52-week low. But on Thursday it reached 50,126.73 points, up 95 per cent from the March 24 level.

The boom will remain the same
 According to statistics, the Sensex's journey from 40,000 to 50,000 has been very fast. 415 days ago, on May 23, 2019, the Sensex crossed the 40,000 mark for the first time during trading.
According to Vijay Kedia, a value investor and one of the stock market experts, the Sensex will reach 100,000 in the next decade.

Nilesh Shah, Head and MD, Kotak AMC Group, said, “This is a journey. I have seen the Sensex reach the level of 3,000 to 4,000 and then 10,000 and now 50,000. This is one of the highlights of his journey. I don’t think the market is overvalued by large margins. This positivity can also be seen in the future. If growth continues, the Sensex will continue to rise.

Deepak Jasani of HDFC Securities said the global downturn in interest rates and the corona vaccination in the Indian economy and the ongoing FPI inflows have raised hopes of a strong recovery in the market. Which has led to this increase. The market may see a temporary small decline before the budget. But going forward, the market will remain bullish. Jasani said how the Sensex will perform in the future will depend on the performance of the economy and the company's results. In addition, Bajra will keep an eye on inflation and interest rate movements in the world and in India.

The reason for the boom in India
Joe Biden: The market has rallied after Biden was sworn in as the 45th President of the United States, taking a decisive decision to revive the ailing economy after the Coyote-19 epidemic.

WHO: The World Health Organization plans to approve the corona vaccine from a number of Western and Chinese companies in the coming days.

ECB's plan: The European Central Bank does not plan to revise its monetary policy on Thursday, however, leaving the option of stimulus open.

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