Saturday 31 December 2022
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Sensex’s Journey To 50,000

The Sensex breached 50,000 for the first time ever, riding on the momentum of the last few months and the hope that Covid-19 vaccination and stimulus measures will help the economy rebound quicker than expected. After tumbling to a low of 25,638 on March 24, the 30-stock gauge has nearly doubled. Of 207 sessions in more than 10 months, the index fell in 73. The Sensex was launched on Jan. 2, 1986, with the base year of 1978-79 and a base value of 100.

The index hit 25,000 for the first time in June 2014 after the Bharatiya Janata Party secured a majority in the general election. It had closed at 25,019 on June 5, 2014.

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