Sensex Touched 1,000 to 50,000 Figures In Three Decades
Sensex touched 1,000 to 50,000 figures in three decades, know the historical figures related to it. BSE Sensex touched the 50,000 mark for the first time on Thursday. The Sensex touched the 1,000 mark for the first time in 1990.
In this way, the SENSEX has reached the level of 50,000 points from the level of 1,000 points in three decades. Flight of the stock markets continues this year after the uncertainty associated with the coronavirus epidemic subsided.
The Sensex touched the 45,000 mark on December 4, 2020. After this, on December 28, 2020, the Sensex closed at the level of 47,353.75 points. Sensex continues to grow in the new year as well.
On January 4, 2021, the Sensex touched the 48,000 mark for the first time. After this, on January 21, 2021, the Sensex became 50 thousand for the first time.
It is noteworthy that due to the Coronavirus epidemic, the domestic stock markets have also seen a lot of ups and downs in the last one year. The stock market was touching new highs daily in December, 2019 and early January due to various steps taken by the government in late 2019.
On January 16, 2020, Sensex touched the 42,000 mark for the first time. However, in the meantime, the boom in coronavirus cases in China and the worldwide turmoil due to this triggered a moderation in the market.
However, not much improvement was seen till February, but by March, there was a stampede in the Sensex and Nifty.
Sensex broke down to 35,634.95 on March 9, 2020 due to various travel restrictions imposed by various countries due to Kovid-19. After this, on March 12, 2020, the Sensex had dropped to a level of 32,778.14 points.
After this, the Sensex closed at a level of 25,981.24 on March 23, 2020 with a steep fall of 3,934.72 points, or 13.15 per cent, amid the possibility of a lockdown in the country. It was unprecedented.
In this way, about 35 percent of the correction was seen in the Sensex in three months. It is noteworthy that the entire lockdown was implemented in the country on 25 March 2020.
There was a significant decline in the stock markets due to uncertainties associated with Kovid-19. However, the Sensex recovered slightly in the early week of April and once again touched the 30,000 mark level on April 7, 2020.
After this, on 26 June 2020, the stock market once again touched the 35,000 mark. After this, the Sensex touched 36,021.42 points on July 3, 2020 and 37,020.14 points on 17 July 2020.
Subsequently, on August 26, 2020, Sensex touched a level of 39,073.92. After this, there was no significant movement in the market for about a quarter of a month. However, after the developments related to the vaccine, the stock markets started returning once more.
Steps taken by the government on various occasions, announcements of relief packages, increase in consumer demand during the festive season saw a strong rally in the stock markets in the last quarter of the calendar year 2020.
In this way, on October 8, 2020, the Sensex once again touched the level of 40,182.67. After this, the market closed at the level of 42,597.43 on November 9, 2020. After this, on January 21, 2021, touching the figure of 50,000 points.
