Sensex jumped 3 times from 25,000 to 75,000 in 10 years of PM Modi’s rule
Sensex, which crossed the 75,000 milestone in Tuesday's session, had broken the 25,000 barrier 10 years ago on May 16, 2014, when Prime Minister Narendra Modi won the Lok Sabha elections. This translates into a return of three times on the index itself.
The market capitalisation of all BSE-listed stocks on that day 10 years ago was just Rs 81 lakh crore and has now jumped multi-fold to an all-time peak of Rs 400 lakh crore, making India the fifth largest stock market in the world.
From 25,000, Sensex jumped to 50,000 for the first time in January 2021 — following a gap of nearly seven years.
In the last two terms of the Narendra Modi government, Nifty has zoomed 214% and Sensex 210%. With Sensex, Reliance Industries (RIL) has been among the biggest gainers with a 577% return. Maruti Suzuki has zoomed 567%, ICICI Bank 383%, HCL Tech 355% and L&T 347%.
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Beyond mere numerical value, the 75,000-peak serves as a beacon of optimism, igniting a collective bullish sentiment among investors, said Sarvjeet Singh Virk, Co-founder & MD, Finvasia.
He said the achievement not only reflects past successes but also acts as a springboard for future growth, instilling confidence in investors who are now poised to embrace the promising journey ahead.
The current pace of up move in Sensex and Nifty has been faster than anticipated. In March, foreign portfolio investors net bought stocks worth Rs 24,971 crore, after being net sellers in
