Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Charlie Kirk shot dead
  • Nepal protests
  • Russia-Poland tension
  • Israeli strikes in Qatar
  • Larry Ellison
  • Apple event
  • Sunjay Kapur inheritance row
fp-logo
How Sensex went from 1,000 to 60,000 in just over 31 years amid hope and despair
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Business
  • How Sensex went from 1,000 to 60,000 in just over 31 years amid hope and despair

How Sensex went from 1,000 to 60,000 in just over 31 years amid hope and despair

Press Trust of India • September 24, 2021, 19:49:05 IST
Whatsapp Facebook Twitter

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

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
How Sensex went from 1,000 to 60,000 in just over 31 years amid hope and despair

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 are also joining the stock markets directly or indirectly through mutual funds, thanks to automation in the markets, new age brokerages and low interest rates in india. “The increase in stock prices has been broad based in recent period. I take this opportunity to congratulate all Indians citizens and investors for this achievement,” Chauhan said. From witnessing the Harshad Mehta scam in 1992, to blasts in Mumbai and BSE building in 1993, Kargil war (1999), terror attacks in the US and Indian Parliament (2001), Satyam scam, global financial crisis, demonetisation, PNB scam and COVID-19, markets have faced many uncertainties over the years, as per a slide on the “Journey of Sensex” tweeted by Chauhan on Friday. Several healthy triggers have also played a major role in market uptrend, including commodity boom in global markets, global liquidity, COVID-19 vaccines approval and rollout of vaccination programme. The BSE benchmark index has gained 25.75 percent so far this year. The remarkable rally in the markets holds significance as equities had gone into a tailspin in March 2020, with the BSE benchmark sinking a massive 8,828.8 points or 23 percent during that month as concerns over the pandemic’s impact on the economy ravaged investor sentiments. The Sensex had gained 15.7 percent in 2020, after facing a roller-coaster ride during the pandemic-hit year. “The sentiment on D-street is bullish. A dip of a couple of per cent would be a good opportunity for traders and investors to enter. “We are witnessing broad-based buying from largecaps to midcaps, and smallcaps. The euphoria in the market is likely to continue. It may extend till January-February 2022. Though the volatility is likely to witness an uptick,” said Brijesh Bhatia, Senior Research Analyst at Equitymaster. Rupen Rajguru, Head of Equity, Investments and Strategy at Julius Baer said, “We remain constructive on the equity markets over the next 2 to 3 years to come, backed by strong economic rebound and better-than-expected corporate earnings.” “Having said that, considering the high valuations in some pockets… it is our view that investors should take this opportunity to re-balance their asset allocation and if the skew towards equity has gone up by sheer market appreciation then investors can book profits in equity and get back to the original debt-equity allocation,” he added. The market capitalisation of BSE-listed companies has also been soaring and is currently at Rs 2,61,18,539.92 crore. Vinay Ahuja, Senior Managing Partner - IIFL Wealth said, “The markets have consistently been hitting all-time highs and invoking both feelings of euphoria and skepticism among investors.” In the current market movement, instead of just focusing on numbers that simply make good headlines, take a relook at your asset allocation and reassess your investment objectives, Ahuja added.

Tags
Sensex India BSE Satyam scam Demonetisation Global Financial Crisis COVID 19
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Impact Shorts

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai leads India in challan checks, with drivers checking their e-challans over 5 times a month on average. Helmet non-compliance is the most broken rule, accounting for 34.8% of all traffic offences in Chennai. Regular digital challan checks help drivers avoid hefty fines, promote safe driving, and improve insurance premiums.

More Impact Shorts

Top Stories

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

From governance to tourism, how Gen-Z protests have damaged Nepal

From governance to tourism, how Gen-Z protests have damaged Nepal

Did Russia deliberately send drones into Poland’s airspace?

Did Russia deliberately send drones into Poland’s airspace?

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

From governance to tourism, how Gen-Z protests have damaged Nepal

From governance to tourism, how Gen-Z protests have damaged Nepal

Did Russia deliberately send drones into Poland’s airspace?

Did Russia deliberately send drones into Poland’s airspace?

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV