BSE Sensex has crossed the level of 75,000 for the first time. The BSE main index has traveled from 70,000 points to 75,000 points in just 81 trading sessions. At the same time, before this, the Sensex had covered the journey from 65,000 to 70,000 points in a total of 110 trading sessions.
The rise from 70,000 points to 75,000 points is the fourth fastest 5,000 point rise in the Sensex. Reliance Industries has made the biggest contribution in this. Its contribution has been about 1400 points, which is about 30 percent of the total gain. Apart from this, ICICI Bank, State Bank of India, Tata Motors and Bharti Airtel have also made a big contribution in this.
BSE’s market cap reaches Rs 400 lakh crore
A big rise was seen in the market on Monday this week. Due to which the market cap of Sensex crossed Rs 400 lakh crore. It has taken 188 days to reach the market of Rs 300 lakh crore to Rs 400 lakh crore, whereas earlier the journey from Rs 200 to Rs 300 lakh crore had taken about 598 days.
Tremendous rise in the market
There has been a bullish trend in the Indian market for the last one year. Both Sensex and Nifty are trading near their lifetime highs. Nifty and Sensex are hitting all-time highs in four out of seven trading sessions for the financial year 2024-25. Experts are attributing the growth in the Indian market to the right government policies, strong economy and the government’s focus on digitalization, which is leading to rapid economic growth in India.
At the same time, the reason for the rise in the market is the possibility of return of the current central government in the general elections 2024, due to which there is a positive sentiment in the market. Tremendous growth is being seen in all three types of stocks, large cap, mid cap and small cap.
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