Sensex breached the 50,000-mark for the first time.

  • The S&P BSE Sensex breached the 50,000-mark for the first time during the early trade on January 21.
  • The current rise is primarily on account of stability in US politics and a smooth transition of power after the siege at Capitol Hill on January 6.
  • The boost was aided by market heavyweight Reliance Industries (RIL) and the Bajaj twins comprising of Bajaj Finserv and Bajaj Finance. 
  • This has come on top of the Biden’s proposed stimulus of $1.9 trillion, which is likely to keep the markets at elevated levels for now.

BSE

  • BSE Limited, formerly known as the Bombay Stock Exchange Ltd. Was established in 1875. 
  • It is the oldest stock exchange in Asia. 
  • It is the world's 10th largest stock exchange in terms of market capitalization.

WHAT IS SENSEX?

  • Sensex, a stock market indexes was launched in 1986 by BSE.
  • The term Sensex was named by a stock market analyst Mr. Deepak Mohoni.
  • The word is a portmanteau of Sensitive and Index.
  • It evaluates the fluctuations in stock prices of 30 big companies in terms of market value, turnover, profit etc.
  • The value of the Sensex is calculated on every minute basis.
  • If the Sensex is going up that means the stock price of most companies of BSE is increasing and if the Sensex is going down that means the share price of most BSE companies is decreasing.
  • The base index value was set at 100.

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