Super Rally! It took Sensex just 208 days to rally from 25K to 50K
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To many, Sensex @ 50K was unimaginable in late March 2019 when the Covid spike had threatened shutting down or curtailing stock exchange activities globally.
Market vateran Madhu Kela said Sensex is not yet done at 50,000.
NEW DELHI: A solid 24,500-point rally on Sensex in just 208 days says it all. The 30-pack index at last broke the 50,000 level on Thursday, riding on hopes of the economy recovering from the pandemic blow and huge dollars flowing into domestic equities. To many, the level was unimaginable in late March 2019 when the Covid spike had threatened shutting down or curtailing stock exchange activities globally.
Sensex@50,000: What Shankar Sharma, Vijay Kedia, other big investors said
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Last Updated: Jan 21, 2021, 01:44 PM IST
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Market veterans say they did not see the 50,000 mark on Sensex coming up this early.
Sensex hit a record high of 50,149.49 on Thursday.
NEW DELHI: Sensex claiming the 50,000 mark has sent Dalal Street into a frenzy. Big names such as Shankar Sharma, Ramesh Damani, Vijay Kedia and Madhu Kela, among others, said 50,000 is just a number, and India s story is much stronger, and more such milestones will be conquered sooner or later.
Madhu Kela said he has seen Sensex s journey from the 3,000 level to 50,000. There has been so much doubt which has been carved on the India story from time to time. But ultimately people like us who have been really optimistic have been able to make the most out of this growth, he said.