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Interesting has been the journey of Sensex from 1000 to 60000

Share Market: If anyone has touched the sky during the Corona period, then it is the Indian stock market. Even during the Corona period, the pace of the stock market has not slowed down and every day new records are being made in the Indian stock market. Now the Bombay stock market’s major stock index BSE Sensex has touched a historic level of 60,000, after which there is a wave of happiness among those interested in the stock market. At the same time, stock market experts are also very excited after this record level. On the other hand, the journey of Sensex from 1000 level to 60000 level has also been very long and spectacular.

The BSE Sensex, the major stock index of the Bombay Stock Exchange, touched the 1000 mark for the first time on July 25, 1990. After this, on Friday, 24 September 2021, the Sensex touched the record level of 60,000 for the first time in history, which is a historic and memorable journey. It has taken 31 years for the Sensex to complete this journey. Over the years, the Sensex has also seen a lot of ups and downs, but in the end, the Sensex has always moved towards the heights and the journey to touch the sky is still going on.

However, the interesting thing is that the Sensex has gained a lot in the last 2 years itself with a record boom. It took a little more than 31 years for the Sensex to reach the level of 60000 from 1000 points, but the special and unique thing in this is that in 2021 itself, in the time frame of nine months, both 50000 points and 60000 points are big. Level is crossed. At the same time, both these levels have been touched by the Sensex at a time when the effect of Corona is being seen all over the world and many countries are also facing problems due to economic problems. However, despite this, the pace of the Sensex has increased more rapidly instead of slowing down.

fluctuating continues

In this 31-year journey of the Sensex, many scams also came to the fore and the effect of the economic slowdown in the country and the world was also seen. Apart from this, there was turmoil due to terrorist incidents in the country. In reaching the level of 60,000, the stock market also suffered the blow of Harshad Mehta scam in 1992. At that time the market was slowly making its inroads that the market suffered a lot due to Harshad Mehta scam but still the market recovered with time. After this, the incident of blasts in Mumbai and BSE building in 1993 is also fresh in the mind. Even during that time, their effect was seen on the stock market. The stock market also had to face a war situation during 31 years. Even during the Kargil war in 1999, there was turmoil in the market.

The impact of the terrorist attack in America was also seen on the markets of the whole world. The Indian stock market was also not untouched by this and here too the market remained under pressure for a long time. Apart from this, the terrorist attack on the Indian Parliament in 2001 also shook the stock market. At the same time, due to the sudden Satyam scam, the market was shaken badly. Even in the grip of the global economic recession of 2008, the stock market hiccups for many months and it took a long time to recover, but like every time, this time too the market slowly recovered. At the same time, the heat of demonetisation and PNB scam was also seen very deep on the stock market and in the month of March 2020, due to the Kovid epidemic, there was an outcry in the market, but after the momentum gained by the stock market from March 2020, the market first 50. thousand and has now crossed the level of 60 thousand.

Here are the record levels

If we look at the record level of the Sensex based on 30 stocks, the Sensex touched the level of 10,000 for the first time on 6 February 2006. After this, on 29 October 2007, the Sensex touched the figure of 20,000. However, due to the recession, it took seven years for the Sensex to reach the level of 30 thousand and in March 2015, the Sensex reached the level of 30000. At the same time, it took 4 years for the Sensex to reach the level of 40 thousand. Sensex reached 40,000 mark on 23 May 2019. After this, in less than two years, the Sensex crossed the 50,000 mark on 21 January 2021 with a long flight and touched the level of 60 thousand with the next 10 thousand points in 8 months. Meanwhile, the special thing was that the Sensex has crossed the level of 50 thousand and 60 thousand in 2021 itself.

At the same time, the stock market has faced many uncertainties in the last few years. Despite this, such a speed of the market in the Corona period is praiseworthy in itself. So far this year, the Sensex has climbed more than 25 percent and this momentum is being seen continuously. It has seen an increase of more than nine percent in the last month. However, before this boom, in March 2020, the Sensex had also seen a huge fall of about 15.7 percent. At present, the sentiment in the stock market is strong and the markets are still expecting more momentum.

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.

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