Rapid Rise: How Many Sessions Did It Take for Sensex To Surge From 75,000 To 80,000 Points?

Rapid Rise: How Many Sessions Did It Take for Sensex To Surge From 75,000 To 80,000 Points?

Marking a significant journey in the index, the Sensex climbed from 75,000 t0 80,000 points in just 58 trading session, highlighting its fastest-ever 5,000-point surge.

G R MukeshUpdated: Wednesday, July 03, 2024, 04:40 PM IST
article-image
Representational image | File

The Bombay Stock Exchange (BSE) on Wednesday, July 3, 2024, soared to unprecedented heights, surpassing the 80,000 mark for the first time.

Marking a significant journey in the index, the Sensex climbed from 75,000 t0 80,000 points in just 58 trading session, highlighting its fastest-ever 5,000-point surge.

Rapid Ascent

The journey to 80,000 was punctuated by several key achievements.

The index first breached the 70,000 mark on December 11, 2023, and continued its upward trajectory, hitting 77,000 on June 10; 78,000 on June 25, and reaching 79,000 on June 27, 2024.

The Indian markets started positively on Wednesday, July 3, with the BSE Sensex reaching an all-time high of 80,000 for the first time.

The Indian markets started positively on Wednesday, July 3, with the BSE Sensex reaching an all-time high of 80,000 for the first time. | File

Sectoral Surge

Today (July 3), the 30 share Sensex climbed to 545.35 points or 0.69 per cent to close at 79,986.80. Similarly, Nifty gained 168.60 points or 0.70 per cent at 24,292.45.

Today's rally was broad-based, with key sectors like banking, financial services, auto, metals, FMCG, pharma, and realty driving significant gains.

The Nifty Bank and Nifty Financial Services indices surged approximately 2 percent each.

Historical Context

The Sensex took just over five years to double from 40,000 to 80,000 points. In contrast, it took 19 years to reach 40,000 from 10,000 points.

RECENT STORIES

Maharashtra Hits 5 Lakh Electric Vehicles; Mumbai Prefers Electric Cars In City, Scooters In Suburbs

Maharashtra Hits 5 Lakh Electric Vehicles; Mumbai Prefers Electric Cars In City, Scooters In Suburbs

Rebellious To Core: The All-New Ford Capri

Rebellious To Core: The All-New Ford Capri

Vedanta's Further Try To Cut Debt; Launches QIP At Floor Price Of ₹461

Vedanta's Further Try To Cut Debt; Launches QIP At Floor Price Of ₹461

Market Watch: Bajaj Auto Earnings Out, Net Profit At ₹1,988.34; Check More Details Here

Market Watch: Bajaj Auto Earnings Out, Net Profit At ₹1,988.34; Check More Details Here

Will Swiggy, Zomato, and BigBasket Soon Bring Liquor To Your Doorstep? Everything You Need to Know

Will Swiggy, Zomato, and BigBasket Soon Bring Liquor To Your Doorstep? Everything You Need to Know