Let's take a look at the index's key milestones over the last 18 years, when it rallied from 10,000 to 80,000 points.
(Image: Reuters)3 / 9Points: 10K to 20K | Days taken: 434 | The benchmark Sensex hit five digits or 10,000 points on February 06, 2006.
On March 04, 2015, the Sensex hit another record of 30000 points and it took over 1,000 days to add 10,000 points this time.
(Image: Reuters)6 / 940k-50k | Days taken: 415 | The Sensex took a little over 400 days to add 10,000 points this time.
That was the third fastest rally for Sensex in putting up 10,000 points.
1 / 9
The Sensex on Wednesday (July 3) breached the 80,000 mark for the first time and the latest 10,000 points rally — from 70,000 points to 80,000 — of the index came within six months, which is the fastest 10,000-point rally ever. The gauge comprises top 30 companies listed on the BSE. It is the oldest stock exchange in Asia and the tenth oldest in the world. (Image: Reuters)
2 / 9
The index is designed to capture investor sentiments towards stocks listed on the BSE. It is a cap-weighted index and constituents are selected on the basis of liquidity, depth and float-adjusted capitalisation. In free-float market capitalisation method, the valuation of a company relies on the outstanding shares which are available for trade. The Sensex has a base date and value of 100 in 1978-1979. Let's take a look at the index's key milestones over the last 18 years, when it rallied from 10,000 to 80,000 points. (Image: Reuters)
3 / 9
Points: 10K to 20K | Days taken: 434 | The benchmark Sensex hit five digits or 10,000 points on February 06, 2006. Since then, it had taken 434 days to add similar points or to double. The index had a market capitalisation of ₹12.6 lakh crore back then. Interestingly, three of its constituents — Reliance Industries, Tata Consultancy Services and HDFC Bank — now command market capitalisation of over ₹13 lakh crore. (Image: Reuters)
4 / 9
Points: 20k – 30K | Days taken: 1,822 | In a longest duration of 1,822 days, the Sensex touched 20,000 mark on October 29, 2007. The market valuation of Sensex in October 2007 stood at Rs 26.4 lakh crore. Defunct companies like Satyam Computer Services, Ranbaxy Laboratories and Reliance Communications — were part of the index during this journey. (Image: Reuters)
5 / 9
Points: 30k-40k | Days taken: 1,044 | A three-fold rise in Sensex was witnessed in nine years as the index hit 30,000 points. On March 04, 2015, the Sensex hit another record of 30000 points and it took over 1,000 days to add 10,000 points this time. At 30,000 points, the Sensex had a market capitalisation of Rs 48 lakh crore. (Image: Reuters)
6 / 9
40k-50k | Days taken: 415 | The Sensex took a little over 400 days to add 10,000 points this time. The gauge touched the 40,000-mark on May 23, 2019. The index commanded a market capitalisation of Rs 69 lakh crore. That was the third fastest rally for Sensex in putting up 10,000 points. (Image: Reuters)
7 / 9
Points: 50k-60k | Days taken: 166 days | On January 21, 2021, the Sensex claimed 50,000 mark. After hitting the milestone of 50k, the index saw a surge of 10,000 points in 166 days. This was the second fastest 10,000 point rally and dring this period, the Sensex witnessed its market valuation inching towards Rs 100 lakh crore. (Image: Reuters)
8 / 9
Points: 60k-70k | Days taken: 548 | This was the longest duration compared to the previous two milestones. The index took 548 days to move from 60k to 70k. The index had hit a low of 50,921 points in June 2022 after hitting the 60,000 mark on September 24, 2021. (Image: Reuters)
9 / 9
