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.
This story is from the April 11, 2024 edition of Financial Express Mumbai.
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This story is from the April 11, 2024 edition of Financial Express Mumbai.
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