A Decade of Meteoric Rise: Mirroring PM Modi’s 10-Year Rule at the Center, the Sensex soars to the historic 75,000 mark from 25,000
Tuesday saw benchmark stock indexes achieve new highs, with Sensex breaking above the 75,000 barrier for the first time throughout the day. However, profit-booking at higher levels caused the session to conclude slightly down. It increased 381.78 points, or 0.51%, throughout the day to hit the all-time high of 75,124.28. During the day, the NSE Nifty increased by 102.1 points, or 0.45%, to reach the record high of 22,768.40.
The historic milestone fell within the final ten years of the NDA administration headed by Prime Minister Narendra Modi at the Center. When PM Modi first came to power in 2014, the Sensex welcomed a clear verdict by surging roughly 1400 points to exceed the 25,000 mark. Now, ten years later, as PM Modi is vying for a third term in the forthcoming Lok Sabha Elections of 2024, the Sensex has reached the historic 75,000 level.
The massive breach occurred only one day after the market value on the Bombay Stock Exchange surpassed Rs 400 crore. A TOI research claims that investor wealth has increased almost five times over the last ten years.
“BSE Sensex reaching the historic 75,000 peak stands as a monumental milestone, epitomizing the unwavering strength and resilience of the Indian market,” said Sarvjeet Singh Virk, co-founder and MD of Finvasia. It is more than just a number; it is a ray of hope that makes investors feel generally optimistic.”
“This landmark raises expectations for what’s to come since it represents the possibility of the Indian market reaching even higher levels of growth. With this historic success, investors feel more confident and equipped to handle the changing market with fresh vim and resolve, eager to seize the possibilities that lie ahead in the thriving Indian market,” said Virk, the head of the tech-driven financial services company.
Titan, Reliance Industries, Asian Paints, Tech Mahindra, IndusInd Bank, UltraTech Cement, Wipro, and ITC were the biggest laggards in the Sensex basket. Among the top gainers in Tuesday’s session were Nestle, ICICI Bank, Infosys, Bajaj Finserv, Tata Steel, Axis Bank, Bajaj Finance, and Mahindra & Mahindra.
