Sensex touched the 60,000 milestone today as Indian indices continued to climb to record highs, the fastest to climb from the 50,000 mark in less than a year to the benchmark index had hit in January this year . On the other hand, Nifty 50, heavily backed by technical stocks, was close to 18,000.
market capitalization of BSE Listed Companies reach all-time high ₹261.73 lakh crore on Thursday, helped by a massive rally in equities, where the benchmark Sensex jumped 958 points to hit a new lifetime high.
from equity market cap of ₹6 lakh crore (6,12,224 crore) in 2001-2002 ₹68,39,083.61 crore mcap in 2010-11, and now approx. ₹2,61,73,374 crore (as on 23 September) The benchmark index has created and rewarded its investors with huge wealth.
“Sensex reaching this milestone is quite a feat in these covid times and a shot for the bulls in total control of this market. India’s outperformance during September so far is surprising with the MSCI World Index down 2.13% and the Nifty up 4.03%. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “Shanghai Composite’s poor performance due to regulatory action and China Plus One policy has again made India an attractive investment destination for FIIs.”
However, Vijayakumar cautioned that the market euphoria has pushed valuations to a very high level as India’s valuation premium for EM peers is now above 80% and is difficult to sustain. He further advised “Investors can look to reduce portfolio risk by switching to high-quality large-cap security. Partial profit booking in mid- and small-cap segments and shifting of some money to fixed income may also be considered.” can be done.”
BSE, the first stock exchange in Asia established in 1875 and the first stock exchange in the country to receive permanent recognition under the Securities Contract Regulation Act, 1956, has seen an interesting growth. The journey of BSE is as eventful and interesting as the history of securities market in India.
India’s first equity index closed above the four-digit mark of 1000 for the first time on 25 July 1990. Several economic and political events pushed the benchmark index’s levels to several milestones – over 5,000 in 1999, closing above 10,000 in February. 2006.. Reaching 50,000 in January this year and crossing the crucial 60,000 mark today.
Meanwhile, as new investors flocked to participate in the bull market rally, premier exchange BSE added 1 crore registered investor accounts to its platform between June 6 and September 21, taking the total to over 8 crore in a span of 107 days. Have become. The fastest speed to add to your history.
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