The Indian stock market recently reached an all-time high of 50,000 and made a mark. The Sensex for the first time had reached some profit rates. And while the growth is prominent and the Sensex is soaring high, people are eagerly waiting for the Union Budget that is scheduled to be revealed soon. Keeping in view the pandemic, the investors are hopeful that the budget will bring them the good news and help strengthen the financial bounds of the country.
According to the analysts, this will define the journey of the blue-chip index. 2020 was a year of great turmoil and the investors saw both good and bad over time. While there were huge losses there were also great profits that they witnessed. The market showed unpredictable trends last year with the margins dropping to an all-time low of 25,638.9 on March 24, while also reaching an all-time high in the second half of the year.
The run for reaching maximum heights continued and it was just last week that the 50,000 marks were crossed. During the trade on Thursday, the 30-share BSE index reached a record high of 50,184.01 showing another great progress in increasing margins. The whole look of the stock markets completely flipped within a span of ten months. During the global pandemic, the markets were badly hit but the normalcy seems to be getting restored. They stood up just as hard they fell.
The Market analysts have given their observation and said that the growth has been due to various factors being at play. Following the market crash, it is regaining its strength due to the reasons such as the central banks bringing in huge liquidity, unprecedented participation of the retail investors, and also the hope of getting successful vaccines. It is predicted that the second half of this year will mostly go with strengthening the stocks and the trajectory gain will only be witnessed in the next year.
