Mumbai, 21/1(AO Bureau): The 30-share major index Sensex on the Bombay Stock Exchange (BSE) today managed to open beyond the record 50,000 marks for the first time. After a good rise in the pre-trade session, the Sensex opened at 50,002 today. This is the first time in history that the BSE Sensex has crossed the 50,000 marks. Sensex has covered the journey from 25 thousand to 50 thousand in 6 years 8 months 5 days. Apart from the Sensex, the Nifty 50 has also managed to open beyond 14,700 points on the National Stock Exchanges. Before this, after the swearing-in of the new President Joe Biden in the US, Wall Street also saw a record boom. Its effect is being seen in Asian markets today.
Sensex rises 10 thousand points in 2 years
For the first time in the year 1999, the Sensex had crossed the 5,000 marks. After 8 years, it reached the 20,000 marks and after 12 years it crossed the 40,000 marks. But now it has climbed 10,000 points in less than 2 years and has crossed 50,000.
Sensex rises nearly 25 thousand points in 10 months
Last year, there was a sharp decline in the stock market amid the news of Coronavirus. On March 25, the Sensex had dropped to a level of 25,639. However, the next day itself saw a recovery in the market and it managed to reach the level of 30 thousand. After this, it crossed 35,000 on 22 June 2020 and 40,000 on 31 August. On December 4, the Sensex crossed 45,000 in about 67 sessions.