Sensex 1000 to 50,000: In the late 2020s, some global and domestic brokerage houses and experts had estimated that by the end of 2021, the Sensex would be able to cross 50 thousand. But it was not known that this will happen in the first month of 2021. Because on 4 December 2020 last year, the Sensex crossed the 45,000 level for the first time. The stock market has made history, proving all the assumptions wrong. In the business of 21 January 2021, the Sensex has crossed the level of 50 thousand for the first time. Nifty is also going closer to 15000. Many factors have contributed to this market boom. Know how the journey from 1000 to 50 thousand was completed for the sensex.
SENSEX: Great journey so far
1000: July, 1990
5000: October, 1999
10,000: February 2006
15,000: July 2007
20,000: December 2007
25,000: May, 2014
30,000: March 2015
35,000: January, 2018
40,000: February 2020
45,000: December 4, 2020
50,000: 21 January 2021
These factors are important in market growth
The vaccination program has started to stop the corona epidemic in India. Vaccine of Serum Institute and Bharat Biotech has been approved for this. It is estimated that about 300 million people will be vaccinated by July 2021. The news of the arrival of the Corona vaccine market led to a strong rally in the stock market.
At the same time, there is the confidence of foreign investors about the Indian market. In November, December, foreign investors have made a record investment in Indian markets. Global investors see the possibility of higher profits in emerging markets like India. In fact, rating agencies are also now giving positive estimates about GDP.
Union budget is going to be presented in India. This budget is being presented at a time when there is pressure on the economy due to the Coronavirus epidemic. It is expected that this time there may be several announcements in the budget to give a boost to the economy. Even Niveyak is positive. The earnings of other companies are getting better, due to which the sentiments have strengthened.
In order to bring the country’s economy back on track and provide relief to the common man in the era of Corona epidemic, the government has continuously introduced relief packages. At the same time, some reforms have also been done. Experts and rating agencies believe that the impact of these reforms is now visible and will have positive effects in the future.