The Sensex, which is a BSE index comprising blue chip companies made its debut in the year 1986 and with a base year of 1978-79 was valued at 100. And now in 4 decades time the index has hit a new milestone and we shall now see its journey to another milestone.
Factors that pushed the Sensex to new Milestone of '50000'
The current bull run has been in the wake of expectation of improved economic recovery post the pandemic break out and now the roll out of Covid 19 vaccine across geographies. And today's historic landmark on the Sensex has also been led by the change in the Oval Office in the US with new US President Joe Biden taking over. His took over is seen optimistic as he might infuse large liquidity into the system to tide over the economic fall-out at hand.
The optimism is leading to the surge at the time when businesses across sector are reeling with some of the unfavorable measures and saw some disruption.
Government's fiscal measures and spending to revive the economy and sustained FII flow also helped the indice see oneside trajectory.
Now it's journey from 100 To 50000
100- 1000 levels in 14 years time in 1990 on July 25
10000 level attained on February 7, 2006
20000 levels attained in 2007
30000 level on the Sensex attained in 2017
40000 levels in the year 2019 on June 3
50000 levels now in just another 14 months
The recent and yet a historic global sell-off spurred Sensex crash of almost 15000 points in 2 months time in March 2020 can also be not forgotten.
And now experts view the levels on Sensex to scale to new heights of 100000 mark in just 4-5 years time if the current trend sustains.