A DAY AFTER TOUCHING 75,000 points before slipping into the red, the Sensex finally closed above the landmark number for the first time on Wednesday - a journey that has taken slightly over 45 years since it started at 100 in 1979 (base year). The returns for investors have been spectacular at 15.85% compound annual growth rate over this period.
It was a day when many major indices, including the benchmark and many sectoral, closed at their lifetime highs. While Sensex rose 354 points or 0.47% to close at an all-time high of 75,038 points, the Nifty closed at a lifetime high of 22,753 points. The BSE mid-cap index closed at 41,110 - another all-time high. Only the small-cap index was an outlier and closed lower than its lifetime high.
Seven sectoral indices - commodities, consumer discretionary, financial services, banks, metal, power and services indices - joined the party and hit their closing highs.
هذه القصة مأخوذة من طبعة April 11, 2024 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة April 11, 2024 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Transparency versus complexity
Meta's latest move to introduce Community Notes a crowdsourcing approach to content moderation - has sparked a debate on whether it will make contextual advertising more effective or add to the noise.
New Zealand PM hopes to seal trade pact with India in 60 days
India and New Zealand have set a deadline of 60 days to wrap up discussions on their free trade agreement (FTA) and a goal to grow bilateral trade tenfold in the next 10 years.
'You have to be smart about where you are lending'
Axis Bank MD & CEO Amitabh Chaudhry believes the Citi acquisition has brought the bank more than it had expected in terms of business and retained customers.
President Murmu to Give Away Ramnath Goenka Journalism Awards Today
A GROUND REPORT from Israel and the West Bank as bombs dropped and residents hunkered down; an investigation into medical colleges across Madhya Pradesh that didn't hold exams for years; the reality of an award-winning athlete's village that lacked basic civic amenities and the fight of champion wrestlers for justice.
Discounts on EVs get bigger
TATA MOTORS, THE biggest passenger EV maker in the country with the widest portfolio, is offering discounts of up to ₹1.86 lakh.
Call on health insurer stake deal by month end: LIC chief
LIFE INSURANCE CORPORATION of India (LIC) is likely to announce the acquisition of stake in a standalone health insurance company by the end of the current fiscal, managing director and chief executive officer Siddhartha Mohanty said on Tuesday.
NASA astronauts finally head home after nine months in space
NASA astronauts Butch Wilmore and Suni Williams departed the International Space Station early on Tuesday morning in a SpaceX capsule for a long-awaited trip back to Earth, nine months after their faulty Boeing Starliner craft upended what was to be a roughly week-long test mission.
It's raining discounts on EVs
WITH DEMAND SLOWING down, carmakers have enhanced discounts on electric and hybrid vehicles.
Trump's 'America First' Policy Isn't 'America Alone': Tulsi Gabbard
US PRESIDENT DONALD Trump's policy of \"America First\" should not be misunderstood as \"America alone,\" as it is similar to Prime Minister Narendra Modi's commitment to \"India first,\" US director of national intelligence Tulsi Gabbard said on Tuesday.
Just a dead cat bounce? Opinion is divided
AFTER A 14% correction since September end, benchmark indices have recorded around 2% gains in the past two trading sessions.
