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Sensex Hits 60,000 For The First Time: Journey In Charts

Sensex's Journey To 60,000: In Charts

<div class="paragraphs"><p>A bronze bull statue stands at the entrance of the BSE building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)</p></div>
A bronze bull statue stands at the entrance of the BSE building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

The Sensex breached 60,000 for the first time ever on Friday as the 30-share benchmark's rally continues to pick up due to Covid-19 vaccination, eased restrictions on business activity and India's measures to support the economy.

From the low of 25,638 on March 24, 2020, the S&P BSE Sensex has surged 134% in 18 months. The last 10,000-point rally came in just over eight months.

Sensex Hits 60,000 For The First Time: Journey In Charts

The Sensex took more than nine years to reach from 1,000 to 5,000 (1990-1999) and seven more to hit 10,000. The last 35,000-point jump spanned seven years.

Sensex Hits 60,000 For The First Time: Journey In Charts

The Sensex and Nifty 50 have been the best performers among global peers so far this year since Jan. 21 when the index breached 50,000.

Bajaj Finserv Ltd. has been the top Sensex performer since Jan. 21, with Tata Steel Ltd., Bajaj Finance Ltd., State Bank of India and Tech Mahindra Ltd. among top gainers.

All but three constituents in the 30-stock gauge rose during the period. Maruti Suzuki India Ltd. and Mahindra & Mahindra Ltd. were among the laggards, with their performance mirroring concerns about global semiconductor shortage and demand.

While foreign inflows drove the markets higher till February, domestic institutional investors came to the rescue during the second wave of Covid-19 infections. DIIs led the flows till this month when foreign institutional investors took over. FIIs have pumped in a net Rs 6,694 crore (month-to-date) compared with an inflow of Rs 1,546 crore in the domestic category.

All the 19 sectoral indices compiled by the BSE Ltd. rose, led by nearly 65% surge in the S&P BSE Metal index since Jan. 21.