In a historic moment, the BSE Sensex reached an unprecedented high on Friday, crossing the 71,000 mark for the first time in its illustrious history. The 30-share BSE Sensex experienced a significant surge, gaining 569.88 points during morning trade to attain an all-time high of 71,084.08.
Key gainers during the morning trade included prominent entities such as Infosys, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Wipro, and JSW Steel. This surge contributed to the market capitalization (mcap) of BSE-listed firms, reaching a record high of ₹357 lakh crore in the early trading session on Friday.
In the Asian markets, positive trends were observed in Seoul, Tokyo, Shanghai, and Hong Kong. Meanwhile, the US markets concluded Thursday on a higher note.
This achievement comes after the benchmark Sensex surpassed the 70,000 level for the first time earlier this week. On December 11, the 30-share BSE index reached a high of 70,057 points, and though it slightly receded, it still closed Monday at 69,988, reflecting a 0.15% increase from the previous close.
Since its inception on January 2, 1986, the Sensex has been a vital indicator of India’s financial health, comprising 30 stocks that represent the Indian stock market. The recent surge in the Sensex, witnessing an approximately 12,400-point jump in the eight months since the end of March when it stood at 57,5271, signifies a robust performance in the country’s financial landscape.
Notably, in late November, the broader Nifty 50 index also achieved a significant milestone by touching the 20,000 mark for the first time, further emphasizing the overall positive trajectory in India’s stock market. As markets continue to navigate global economic conditions, the resilience and upward momentum demonstrated by indices like the Sensex reflect confidence in India’s economic outlook.
