Stock Market Dream Run: In the domestic stock market, the Sensex has touched a new historical high of 80,000 which is a milestone. On Wednesday, June 3, for the first time in the history of the Indian stock market, the Sensex achieved the distinction of being 80 thousand. Today, on July 4, after the opening of the market, the Sensex saw a record level of 80,392.64 and this is the magical flight of the stock market in which a distance of 10,000 points has been covered in just one month. The Sensex took very few trading sessions to reach this peak and this is also a historical record.
10,000 points increase in a month
Exactly a month ago, on June 4, the day of the Lok Sabha election results, the stock market crashed. As soon as the EVMs started to reveal the election results on June 4, the domestic stock market started crashing and the Sensex fell by about 6200 points that day and reached its lowest level of 70,234.43. On June 4, the BSE Sensex closed at 72,079.05 and the Nifty closed at 21,281.45. On June 4, India’s Lok Sabha Elections Due to the results of the election, the stock market collapsed so badly that investors’ wealth worth Rs 31 lakh crore was wiped out in a single day.
Magical flight of Sensex-Nifty between 4 June and 4 July
Sensex lowest level on June 4 – 70,234.43
Sensex’s highest level on 4 July – 80,392.64
Lead margin: 10,158.21 points
Nifty lowest level on June 4 – 21,281.45
Nifty’s upper level on June 4 – 24,401.00
Lead margin: 3119.55 points
10,000 point jump in just 21 trading sessions
It took only 21 trading sessions for BSE to reach the historic peak of 80,000 from the low of 70,000 on June 4. However, if we look at the journey from 75,000 on April 9 to 80,000, it took only 58 trading sessions, which also included the special live trading session on May 18.
June 2024 was a dream run month for Sensex
In the month of June 2024, the Sensex achieved three remarkable levels. The benchmark index first reached the level of 77000 on June 10, after which it touched the level of 78,000 on June 25 and made the level of 79,000 on the very next day i.e. on June 27.
It took 80 trading sessions to go from 70,0000 to 75 thousand
Earlier, it took a total of 80 trading sessions or a little less than 4 months for the Sensex to come from 70 thousand to 75 thousand because for the first time the Sensex achieved the distinction of being 70 thousand on 14 December 2023.
Who has the biggest hand in the stock market rally
Midcap and smallcap stocks have been contributing significantly to the spectacular rise in the stock market for a long time. In the last few months, the midcap index has made new record highs many times and has also received support from Bank Nifty. Even today, Bank Nifty has touched a new record high level. Apart from this, auto, metal, FMCG, pharma and realty sectors have also been booming for a long time.
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