Journey of Sensex from 50k to 60k in just 245 days!

Stock market news, Sensex hits 60,000 that just took 245 days to scale from 50k to 60k, less than half the time it took to scale the previous 10,000 points. The best thing is that the last two milestones 50,000 and 60,000 were achieved in a pandemic year when the economy is trying to recover from the ravaging impact of the Covid-19 pandemic.

Easy liquidity policy adopted by central banks across the globe, increased domestic inflows to the market through mutual funds and continuous reforms carried out by the Centre helped the 30-stock benchmark achieve this milestone.

The Sensex had taken 597 days to gain the previous 10,000 points after hitting the 40,000 mark for the first time on June 3, 2019.Sensex went live on January 2, 1986 at that time the base was taken as 100 and the base year was 1978-79.

Sensex went live on January 2, 1986 at that time the base was taken as 100 and the base year was 1978-79. Sensex took almost 12 years to reach 1000 mark on July 25, 1990 from 100. It means the first 900% return (from 100 to 1000) from Sensex came in 4,223 days.

Similarly, the second 900% return from Sensex-- from 1,000 to 10,000-- came in 5,675 days. Sensex crossed the 10,000 mark for the first time on February 7, 2006.

Sensex climbed the 20,000 mark for the first time on October 29, 2007. Sensex's journey from 10,000 to 20,000, a return of 100%, came in 671 days or almost 2 years.

But the journey from 20,000 to 30,000(50% return) was not that smooth. Sensex reached 30,000 mark on April 26, 2017. It means the index took 3,423 days or nine and half years to deliver 50% return by scaling the journey from 20,000 to 30,000.

However, the last two milestones--50,000 and 60,000-- were achieved by Sensex in the same year itself. Sensex crossed 50,000 for the first time on January 21, 2021 and the 60,000 mark today (September 24, 2021).