Sensex creates history; surges past 71,000 mark for the first time

Bombay Stock Exchange (BSE) Sensex achieved an unprecedented feat on Friday, crossing the monumental 71,000 mark during morning trade. The 30-share BSE Sensex experienced a remarkable surge of 569.88 points, reaching an all-time high of 71,084.08.

Noteworthy gainers during this surge included Infosys, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Wipro, and JSW Steel. Concurrently, the market capitalization (mcap) of BSE-listed firms reached a record high of ₹357 lakh crore in early trade on the same day.

The bullish trend in the Indian stock market is reflected in the performance of major Asian markets, with Seoul, Tokyo, Shanghai, and Hong Kong all trading with gains. Additionally, the US markets concluded on a positive note on Thursday. This achievement follows the Sensex surpassing the 70,000 level earlier in the week.

The benchmark Sensex, launched on January 2, 1986, comprises 30 stocks that serve as indicators of India's financial health. Over the past eight months, since the end of March, the Sensex has witnessed an impressive surge of around 12,400 points, marking a robust recovery from the challenges faced earlier in the year.