by This year the Sensex started its journey at a whirlwind pace and crossed the 75,000 level in April 2024 itself. It took only 58 trading sessions to reach this point. After that in June it had a huge jump and it jumped three thousand points and crossed the level of 77 thousand, 78 thousand and 79 thousand.
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Sensex went from 40000 to 80000 in five years
After crossing the 70,000 level on December 11, 2023, the Sensex took nearly seven months or 139 sessions to add 10,000 points. Launched in January 1986, the Sensex crossed its first 10,000 level during intra-day trading on February 6, 2006. The Sensex crossed the 20,000 level on November 5, 2007 and crossed the 40,000 level during intraday trade on July 5, 2019. Sensex took five years to reach 40,000 to 80,000.
These are the heroes of the recent 10,000-point surge in the Sensex
There are several factors behind this surge such as expectations of continuity in government policies, high economic growth forecasts and heavy domestic fund purchases. HDFC Securities head of retail research Deepak Jasani said realty, PSU, auto, power, capital goods and metal stocks were the biggest contributors to the Sensex’s last 10,000-point jump, while FMCG, banks and IT sectors underperformed.
Will the rally continue?
Market analysts say that the Indian economy is performing best in the world. The country’s current deficit has also come down. This has increased the confidence of local and foreign investors. At the same time, there are positive signs at the global level as well, due to which markets around the world are witnessing growth. All eyes are on the US Federal Reserve’s interest rate cut announcement. If there is a decline, the bullish phase may continue in the stock markets.
Investors earned ₹3.32 lakh crore
Both indices touched record highs on the back of a rally in banking stocks and all-round buying in Sensex and Nifty. Due to this boom, stock market investors have invested around Rs. 3.32 lakh crore was earned. The market capitalization of companies listed on BSE increased to Rs. 445.50 lakh crore, compared to its previous trading day of Rs. 442.18 lakh crores.
The trading session on Wednesday 3rd July was as follows
The Sensex surged over 500 points in early trade and crossed the historic 80,000 mark for the first time. It closed at 79,986.80 with a jump of 545.35 points at the end of trading. At one point it touched a record high of 80,074.30, a surge of 632.85 points. At the same time, the Nifty rose 162.65 points to close at an all-time high of 24,286.50. It gained 183.4 points to touch a new high of 24,307.25 during trading.
