Sensex's journey from 1000 to 60000 completed in 31 years

MUMBAI: The BSE Sensex has seen several ups and downs in its 21-year journey of 1,000 to 50,000 points. Sometimes due to political reasons, sometimes due to economic scandals, this index of the stock market has lagged behind many times.

The Sensex on July 9, 190, touched the 1000 level for the first time. It has been 21 years since the Sensex reached 30,000 today.

The index crossed the 10,000 level on February 6, 2009. After reaching the level of 30,000 on October 6, 2009, the Sensex was seen at 30,000 on March 8, 2016.

The Sensex jumped another 10,000 points to 30,000 today in just eight months after hitting the 30,000 level on May 9, 2018 and the 30,000 level on January 31, 2018.

However, during the tour, the Harshad Mehta scam of 19, the bombing of 19, the Kargil war of 19, the attack on the US and Indian Parliament, the Satyam scam, the 2008 global financial crisis, the Sensex crashing during the banknote ban in India were also witnessed.

The last time a lockdown was imposed due to the Corona was in March 2020.

A number of healthy factors are seen to be working for the current move of the Sensex. Globally, factors such as rising commodity prices, liquidity, success in the fight against covid, etc. are supporting the Indian stock market.

If the Sensex continues to grow at this level, it will touch the 30,000 level in June 208, an analyst said. In China, things like financial uncertainty over Evergrande, high inflation rates, and the readiness of the US to withdraw stimulus could be an obstacle to a bullish move.