Sensex outshines global peers in annual growth rate
Offered an annual growth rate of 15.5% against Dow Jone's 8.9%
image for illustrative purpose
Hyderabad,Jan 21 Fuelled by hopes of faster economic recovery worldwide and riding on India's inherent economic strength, benchmark Sensex created a history on Thursday morning by scaling the monumental 50,000 mark. Likely stimulus measures from the central banks also added momentum to the market sentiment.
Snsex opened at 50,008.92, up by almost 189 points or 0.38 per cent while Nifty was at 14,707.45 up by 62.75 points or 0.43 per cent. Sensex reached 50,075.36, up 285.95 points while Nifty was trading at 14,720.95, up 75.35 points at 10.20 am. Bajaj Finserv, Bajaj Finance, and Reliance Industries (RIL) were the top Sensex gainers while HDFC Bank, HDFC and TCS were the top laggards.
Sensex raced past the historic 50,000 mark for the first time since its debut at 100 way back in April 1979. The stock market benchmark offered a compounded annual growth rate (CAGR) of 15.5 per cent. Sensex's growth trajectory outsmarted many of its global peers. The S&P 500 in the US went up by 9 per cent CAGR in that period while Dow Jones clocked just 8.9 per cent. Japanese Nikkei offered meagre 3.7 per cent annual growth while it's 10 per cent CAGR for Hong Kong's Hang Seng.
