Mumbai: The BSE Sensex, the flagship of the Indian stock market, has crossed the record level of 60,000 for the first time. It took only 167 trading days for the BSE-Sensex index to reach 50,000 to 60,000 points. This has been the fastest pace so far in the rise of 10,000 points in the Sensex. Earlier it took 931 trading sessions to jump 10,000 points.
It took a little over 31 years for the Sensex to reach the historic 60,000 level from 1,000 points. The index was at 1,000 points on 25 July 1990 and touched 30,000 points on 4 March 2015. It took 25 years for the Sensex to touch the 30,000 point level. After this, the Sensex rose from 30,000 to 60,000 in six years.
4 major companies contribute the most
The journey from 50 thousand to 60 thousand points in the stock market has been led by various companies. But four companies have contributed the most. Infosys (up 30 per cent), Reliance Industries (up 19 per cent), ICICI Bank (up 30 per cent) and Bharti Airtel (up 25 per cent) were the biggest contributors to the Sensex’s 50,000-point gain of 20 per cent.
Experts believe that the income of index companies will grow by more than 35 per cent in the current financial year and by more than 20 per cent in the next financial year. At the same time, economic growth is expected to pick up in the midst of increased corona vaccination and the risk of a third wave of the corona epidemic subsiding.