In the year 1990, Sensex crossed 1,000 mark and on Thursday it moved above 50,000 for the initial time.The BSE benchmark index, S&P BSE Sensex, crossed the 50,000-mark for the time on Thursday on the back of stronger-than-anticipated corporate earnings, hopes of bold financial reforms in the upcoming price range amid sustained foreign inflows in equity markets. Foreign investors pumped more than $20 billion into Indian equities in December alone. In calendar year 2020, FIIs purchased Indian shares worth Rs 1.70 lakh crore, information from National Securities Depository Limited showed.Here is the Sensex’s journey to 50,000:Checkout the journey of #Sensex as it crosses 50k for the initial time #Sensex50k#BSEpic.twitter.com/ZULK533iL8— BSE India (@BSEIndia) January 21, 2021In the year 1990, Sensex crossed 1,000 mark and on Thursday it moved above 50,000 for the initial time. The Sensex’s journey to record higher has not been a one particular-way street – the BSE benchmark has noticed scams by Harshad Mehta, Ketan Parekh and Satyam scam and at the similar time, been a witness to India’s financial reforms.More not too long ago, in March final year, the Sensex slumped to multi-year lows of 25,638.90 right after the government a imposed a lockdown to curb the spread of coronavirus. However, the subsequent re-opening ignited hopes of financial turnaround as traders and analysts bet on financial recovery and enhanced corporate earnings, with India reopening its economy right after a months-extended lockdown.”Sustained foreign inflows along with better-than-expected earnings and hopes of strong economic reforms from the upcoming Budget are supporting the upmove in the Sensex,” AK Prabhakar, head of investigation at IDBI Capital told .
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