MUMBAI: In what it could be said as a historic day for India's stock market as the BSE (Bombay Stock Exchange) Sensex crossed the 50,000 mark for the first time ever on Thursday morning, January 21.
Sensex rose 335 points to hit an all-time high of 50,126.73 while Nifty 50 index also moved past the 14,700-mark for the first time.
The Sensex was boosted by Reliance Industries after the country's stock exchanges approved its deal with Future Group.
Meanwhile, Ashish Chauhan, CEO BSE (formerly Bombay Stock Exchange, India) in a video said, " It is a historic day for India as the stock market index has reached 50,000."
Chauhan further stated that in the year 1979 it was only 100, today it has reached 500 times more in 42 years.
Soon after the news of Sensex crossing the 50,000 mark went viral on the social media platforms, many users across the country reacted on Twitter in excitement.
A Twitter user named Dheeraj Jadhav wrote from his account: "Bears after Sensex hitting 50K"
HARSHAD MEHTA (from heaven) after seeing Sensex cross 50 thousand mark, another tweet reads.
Meanwhile, Zee Business Managing Editor Anil Singhvi, Senior Research Analyst Varun Dubey speaking to media said that the journey of Sensex to 50,000 mark has been very interesting. It took almost 14 years for the Sensex to reach 1000 points from 100. However, to reach the historic 50,000 mark from 40,000, it did not even take it 14 months!
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