Stock market analysts have been astonished by its flight. From crossing the 50,000 mark in January this year to the 56,000 crossing for the first time on Wednesday this week, the Bombay Stock Exchange’s Sensex is “very optimistic with its fast pace,” he says. Experts believe that the current rally in the stock market is the main reason for the activity of new retail investors.
Long jump after breaking 8,828.8 points
This is also shocking because the 30-share BSE index fell 8,828.8 points, or 23 percent, in March 2020 after that position. At the time, concerns about the impact of the epidemic on the economy had a profound effect on investor sentiment. VK Vijayakumar, chief investment strategist at Geojit Financial Services, said: “The market continues to set new records, which has surprised even the most optimistic.
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“However, the market journey with sharp fluctuations is bothering short-term investors and traders. The future is no different,” he said. Vijayakumar said the current rally in the stock market was mainly driven by new retail investors. Santosh Meena, head of research at Swastika InvestMart Ltd, said: “Sensex continues its journey, with the inflow of large-cap stocks, especially IT companies, every day.
This year’s move for Sensex is as follows
The BSE Sensex crossed the 50,000 mark for the first time on January 21, 2021 and closed above 50,000 on February 3. It touched 51,000 on 5 February, closed above 51,000 on 8 February and crossed 52,000 on 15 February. It reached 53,000 borders on June 22, and closed on July 7, over 53,000. The Sensex crossed the 54,000 mark on August 4 and the 55,000 on August 13. It then crossed 56,000 borders on Wednesday.