Both the 50,000 and 60,000 levels have been breached in 2021, showing the resilience of the market after the pandemic-triggered crash in March 2020
New Delhi: From hitting the 1,000-mark on 25 July, 1990 to reaching the 60,000-level for the first time on Friday, it has been a memorable journey for equity benchmark Sensex.
It has taken a little over 31 years for the 30-share index to traverse from 1,000 level to 60,048.47 at close of trade on Friday.
Over the years, the frontline index has reached many milestones.
It touched the 10,000-mark for the first time on 6 February, 2006.
On 29 October, 2007, it scaled the 20,000 level, and then on 4 March, 2015 surged above the 30,000-mark.
The BSE benchmark scaled 40,000 on 23 May, 2019. The 50,000-mark was reached on 21 January, 2021.
Interestingly, both the 50,000 and 60,000 levels have been breached in 2021, showing the resilience of the market after the pandemic-triggered crash in March 2020.
“Sensex reaching 60,000 today first time ever on 24 September, 2021 is an indicator of India’s growth potential, as well as the way India is emerging as a world leader during COVID period in addition to worldwide monetary expansion and relaxed fiscal policies adopted by world powers.
“Indian markets are considered the best performing markets world over in last 18 months of COVID period,” said Ashishkumar Chauhan, MD and CEO, BSE.
He added that many more investors…