Stock Market Updates: Sensex Peaked From 50K To 60K Mark In Record Days To Trade At All Time High

Four companies have contributed the most in the journey of the stock market from 50,000 to 60,000 points. Find out which companies are these.

Bombay Stock Exchange | File Image

Mumbai: BSE Sensex of the Indian stock market reached a record level of 60,000 for the first time. It took only 167 trading days for the BSE-Sensex Index to reach from 50,000 to 60,000 points. The Sensex rose 10,000 points, its fastest speed ever till now. Earlier, it took 931 trading sessions for a jump of 10,000 points.

It took the Sensex a little over 31 years to reach the historic 60,000-Mark by 1,000 points. The index was at 1,000 points on July 25, 1990, and touched a level of 30,000 points on March 4, 2015.

It took 25 years for Sensex to touch the 30,000-point mark. In the six years that followed, the Sensex rose from 30,000 to 60,000.

4 Major Companies Contributed The Most

The journey of the stock market from 50,000 to 60,000 points has been led by various companies. But the contribution of the four companies has been the highest.

Infosys (up 30 percent), Reliance Industries (up 19 percent), ICICI Bank (up 30 percent), and Bharti Airtel (up 25 percent) have been the major contributors to the Sensex's 20 percent rise from 50,000 levels.

Experts believe that the income of index companies will increase by more than 35 percent in the current fiscal and more than 20 percent in the next fiscal year. At the same time, economic growth is expected to pick up amid increasing corona vaccination and the reducing risk of the third wave of the corona pandemic.