Adversitement
Sensex Hits 75,000 Milestone Ahead of General Elections: A Decade of Growth Analysis
Published On : 2024-04-10T10:35:26+0530 [ IST ] |
Author : Mayur_Tembhare
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Sensex Hits 75,000 Milestone Ahead of General Elections: A Decade of Growth Analysis
India :
The Sensex, India's premier stock market index, achieved a significant milestone by crossing the 75,000 mark on April 9, 2024, signaling the country's robust economic performance. This achievement comes just ahead of the general elections to the Lok Sabha, underscoring the positive sentiment in the market.
Reflecting on the past decade, it's worth noting that the Sensex had first crossed the 25,000 milestone on May 16, 2014, coinciding with the announcement of the 2014 general elections results. As the NDA government completes a decade, it's an opportune time to analyze the Sensex's journey and the performance of its constituent stocks.
During this remarkable journey from 25,000 to 75,000, significant changes have occurred within the Sensex composition. Out of the 30 elite stocks, 12 have been replaced, while 18 have successfully retained their position, showcasing the dynamism of the Indian stock market.
Among the top performers in this journey, Reliance Industries stands out, securing the pole position. The company's consistent growth and strategic initiatives have propelled it to the forefront of the market.
The journey from 25,000 to 50,000 was marked by steady progress over approximately seven years, spanning over 1,650 trading sessions. Notably, Hindustan Unilever Ltd (HUL) emerged as the best performer during this phase, showcasing its resilience and market leadership.
In contrast, the ascent from 50,000 to 75,000 was characterized by accelerated growth, taking less than half the time compared to the previous phase. Notably, PSU NTPC emerged as the best-performing stock during this period, highlighting the diverse opportunities in the market.
It's worth highlighting that the Sensex has outperformed major global indices throughout this journey, reflecting India's robust economic fundamentals and favorable investment climate. The consistent growth trajectory of the Sensex underscores the confidence of investors in the Indian economy's resilience and potential for long-term growth.
As India gears up for the general elections, the Sensex's milestone achievement serves as a testament to the country's economic prowess and reinforces optimism about its future trajectory under the leadership of the NDA government.
Tags : NDA , Performance , Sensex , General Elections , analysis , stocks , journey , milestone ,
Summary : The Sensex reached a historic milestone of 75,000 just before the Lok Sabha elections, marking a remarkable journey from 25,000 ten years ago. Despite fluctuations, 18 stocks have maintained their elite status, with Reliance Industries leading the pack. The Sensex's rapid growth from 50,000 to 75,000, outperforming global indices, reflects India's robust economic trajectory under the NDA government.
Adversitement