Sensex’s slowest 1,000-point march in recent times as it crawls to 53,000

The benchmark Sensex on Tuesday crossed the 53,000-mark for the primary time. The index touched a excessive of 53,057 earlier than settling at 52,589. The newest 1,000-point up transfer has been the slowest in the earlier 10.

The 30-share index had first breached the 52,000-mark February 15, 2021. But dropped over 9 per cent to under 48,000 after that due to the selloff triggered by the deadly second-wave of covid 19 infections.

As a consequence, the journey from 52,000 to 53,000 has taken 85 days. The earlier 1,000-point up transfer from 51,000 to 52,000 took simply six buying and selling periods in February amid a world threat on rally following the inauguration of Joe Biden as the forty sixth president of the United States.

Sensex’s journey from 42,000 to 43,000 had taken 205 days as the index had plummeted to under 26,000 due to the sharp selloff triggered by the covid-19 outbreak in March 2020.

Dear Reader,

Business Standard has at all times strived laborious to present up-to-date data and commentary on developments which are of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on how to enhance our providing have solely made our resolve and dedication to these beliefs stronger. Even throughout these tough times arising out of Covid-19, we proceed to stay dedicated to protecting you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.
We, nevertheless, have a request.

As we battle the financial influence of the pandemic, we’d like your assist much more, in order that we are able to proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from lots of you, who’ve subscribed to our on-line content material. More subscription to our on-line content material can solely assist us obtain the targets of providing you even higher and extra related content material. We consider in free, honest and credible journalism. Your assist via extra subscriptions can assist us practise the journalism to which we’re dedicated.

Support high quality journalism and subscribe to Business Standard.

Digital Editor

Back to top button