Sensex Makes History At 60,000 - Charting the Record-Breaking Journey
NDTV
The Sensex just about 31 years to traverse the distance from 1,000 to 60,000, amounting to a rise of nearly 50 times over the period.
The Sensex scaled the 60,000 milestone in early trading on Friday amid a continuing decline in covid cases, rising vaccination and improvement in the economic environment. After going live way back on January 2, 1986 at a base of 100, the Sensex's journey to 60,000 has been a stupendous feat.
The Sensex hit the 1,000 mark on July 25,1990. The movement from 1,000 to 30,000 spanned nearly 25 years as the Sensex hit the 30,000 mark much later on March 4, 2015. The index took more than nine years, from 1990-1999, to move from 1,000 to 5,000 and an additional seven years hit 10,000.
The first 30,000 points movement seems protracted in hindsight, as the next 30,000 points move took place within 6 years, from 30,000 on March 4, 2015 to 60,000 on September 24, 2021. All in all, it took the Sensex just about 31 years to traverse the distance from 1,000 to 60,000, amounting to a rise of nearly 50 times over the period.
The BSE benchmark took a mere eight months from 50k to 60k, after it surpassed 50,000 for the first time in January. It took just six trading sessions to add the last 1,000 points, to 60,000.
