Sensex Latest Update: The BSE Sensex, the leading stock index of the Bombay Stock Exchange, touched the 1,000 level for the first time on July 25, 1990
On Friday it touched the record level of 60,000 for the first time, which is a historic and memorable journey. It took the Sensex a little over 31 years to reach the 1,000 to 60,000 level.
Interestingly, the Sensex crossed both 50,000 and 60,000 points in a nine-month period in 2021 alone, reflecting the market's resilience amid the outbreak of the Kovid-19 epidemic.
In this journey of reaching 60 thousand points, the market witnessed the Harshad Mehta scam in 1992.
He witnessed crises like the 1993 Mumbai and BSE building blasts, the Kargil War (1999), the terrorist attack in the US and the terrorist attack on the Indian Parliament (2001), the Satyam scandal, the global financial crisis, the denomination, the PNB scandal and the Kovid epidemic.
The Sensitive Index based on 30 stocks has set many records in the last few years. The index first reached 10,000 points on February 6, 2006.
The Sensex closed above 60 thousand for the first time, the Nifty also broke all records
It then crossed the 20,000 level on October 29, 2007 but the Sensex took more than seven years to reach 30,000 points on March 4, 2015.
This was followed by an increase of 40,000 points in four years on May 23, 2019 and an increase of the next ten thousand points in less than two years and it crossed 50,000 points on January 21, 2021.
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Interestingly, the Sensex crossed both 50,000 and 60,000 points in 2021 itself, reflecting the market's resilience amid the outbreak of the Covid-19 epidemic.
BSE CEO Ashish Kumar Chouhan, referring to the above incidents in a tweet on Friday, said that the market has faced many uncertainties in the last few years.
The BSE index has risen more than 25 per cent so far this year, compared to more than nine per cent last month. However, before this boom, the Sensex fell sharply by about 15.7 per cent in March 2020.
Brijesh Bhatia, research analyst at Equitymaster, said the market sentiment is strong and a slight decline from here would be a good opportunity for investment.