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Sensex Breaches 50,000 Mark For First Time
By: Tupaki Desk | 21 Jan 2021 6:42 AM GMT
The benchmark BSE Sensex achieved an exceptional milestone on Thursday by hitting the 50,000-mark for the first time ever. At 09:02 IST, the Sensex was up 211.40 points or 0.42% at 50,003.52, and the Nifty was up 146 points or 1.00% at 14,790.70. The markets are said to be responding to the strong cues coming from global markets with Joe R Biden being sworn in as the new President of the United States.
The US stocks also closed at an all-time on Wednesday following the oath of Biden as the 46th President of the US.
The Sensex hit the 25,000-mark for the first time on May 16, 2014 as the BJP government came to power with a complete majority. It took almost 4 more years to reach to the 35,000-mark. After the second time win of the Narendra Modi, it went past the 40,000 mark for the first time ever. It jumped from 45,000 mark to 50,000 shortly just over a month. The index took 35 sessions to scale this feat.
The US stocks also closed at an all-time on Wednesday following the oath of Biden as the 46th President of the US.
The Sensex hit the 25,000-mark for the first time on May 16, 2014 as the BJP government came to power with a complete majority. It took almost 4 more years to reach to the 35,000-mark. After the second time win of the Narendra Modi, it went past the 40,000 mark for the first time ever. It jumped from 45,000 mark to 50,000 shortly just over a month. The index took 35 sessions to scale this feat.
