Sensex crosses 80k mark, fastest 10,000 point gain in stock market history


New Delhi:

Indian stock market is performing record breaking these days. Last Wednesday, July 3, the Bombay Stock Exchange (BSE) benchmark Sensex crossed the historic mark of 80,000 for the first time. This achievement becomes even more special as the Sensex achieved this milestone in just six and a half months. Sensex continues to rise even after this. It rose 334.99 points to touch a new record high of 80,321.79 in early trade today.

A record jump of 10,000 points in just 6.5 months

After touching the 70,000 mark in December 2023 last year, the Sensex has completed a record-breaking rally of 10,000 points in just 6.5 months. This feat was achieved on July 3, 2024 when the Sensex crossed the historic mark of 80,000 for the first time.

range session
10,000-20,000 432 session
20,000-30,000 445 session
30,000-40,000 549 session
40,000-50,000 511 session
50,000-60,000 331 session
60,000-70,000 222 session
70,000- 80,000 139 session

Fastest 10,000 point rally in stock market history

Let us tell you that this is the fastest rise of 10,000 points of Sensex in the history of stock market. How fast this rally was can be gauged from the fact that the Sensex took 222 sessions to reach 60,000 to 70,000, while it took only 139 sessions to reach 70,000 to 80,000.

HDFC Bank is a big contributor behind the upswing in the market

The biggest contributor to this surge was HDFC Bank. After the merger of HDFC and its banking arm, it has the highest weightage in the Sensex. Shares of HDFC Bank rose 2.2% after publishing its shareholding for the June 2024 quarter. The shareholding revealed that the foreign stake in the bank has come down to 54.8%.

Since the Sensex crossed the 40,000 mark in the last 5 years, Tata Motors and Mahindra have been the top gainers in the Sensex. Shares of these companies rose 426% and 358% respectively.

India’s Nifty is among the top 3 best performing stock indices in the world

India is currently one of the fastest growing stock markets in the world. India’s Nifty is among the top 3 best performing stock indices in the world. From December 11, 2023 to July 3, 2024, India’s Nifty has been the third best performing stock market in global markets with a gain of 16%.

Sensex ranks fourth with a gain of 14%

At the same time, the S&P 500 is second with a gain of 19%, while the Nikkei is on top with a gain of 24%. The Sensex is fourth with a 14% jump and the FTSE and Dow are sixth and seventh with gains of 8% respectively.


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