A Decade of Meteoric Rise: Sensex Skyrockets to Historic 75,000-Mark from 25,000, Mirroring PM Modi’s 10-Year Rule at Centre
Benchmark equity indices hit new peaks on Tuesday with Sensex breaching the historic 75,000-mark for the first time during intra-day before ending the session marginally lower on profit-booking at higher levels. During the day, it climbed 381.78 points or 0.51 per cent to reach the all-time peak of 75,124.28. The NSE Nifty climbed 102.1 points or 0.45 per cent to hit the record peak of 22,768.40 during during the day.
The historic mark coincided with Prime Minister Narendra Modi-led NDA government at the Centre for the last 10 years. Sensex greeted decisive verdict back in 2014 when PM Modi came to power by zooming nearly 1400 points to cross the 25,000 mark and now after a decade when PM Modi is again seeking a third term in the upcoming Lok Sabha Elections 2024, Sensex crossed the record 75,000-mark.
The mega breach came just a day after the Bombay Stock Exchange market valuation crossed the Rs 400-lakh-crore mark. According to a report on TOI, investors wealth in the last 10 years has surged by almost five times.
Sarvjeet Singh Virk, Co-founder & MD, Finvasia, said “BSE Sensex reaching the historic 75,000 peak stands as a monumental milestone, epitomizing the unwavering strength and resilience of the Indian market. Beyond mere numerical value, it serves as a beacon of optimism, igniting a collective bullish sentiment among investors.”
“The milestone symbolizes the potential for the Indian market to ascend to even greater heights, fueling anticipation for what lies ahead. With this landmark achievement, investors are emboldened, ready to navigate the evolving landscape with renewed vigor and determination, anticipating the opportunities that await in the vibrant Indian market,” said Virk leading the tech-driven financial services firm.
Meanwhile, from the Sensex basket, Titan, Reliance Industries, Asian Paints, Tech Mahindra, IndusInd Bank, UltraTech Cement, Wipro and ITC were the major laggards. ICICI Bank, Infosys, Bajaj Finserv, Tata Steel, Axis Bank, Bajaj Finance, Nestle and Mahindra & Mahindra were among the major gainers in Tuesday’s session.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Today Technology Market ResearchDigital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
