1991 best year for Sensex, 2008 worst in 35-year journey to 50K

New Delhi, Feb 4 : For the first time in history, the Sensex closed above the psychological mark of 50,000 on February 3.
According to a research by Motilal Oswal Financial Services, while the first 25,000 took 28 years, the second 25,000 milestone has come in the last seven years.
The Top 2 sectors in 2021 — Private Banks (28.5 per cent) and Technology (17.7 per cent) — had zero representation in the Sensex in 1990. Similarly, NBFCs, with 12.4 per cent weight in the Sensex, had zero weight in 1990.
The index has, indeed, come a long way from its humble beginnings in 1986, when it traded at 549, while setting the base year of 1978-79 as 100.
On this spectacular journey, the Sensex has mirrored the economic growth of the country from the pre-liberalisation phase to now emerge as one of the top economies of the world while overcoming the challenges of Asian financial crisis, dot com bubble, Global financial crisis, taper tantrum to Covid pandemic and coming out triumphant, the report said.
The recent sprint to 50,000 now in February 2021, from pandemic lows of 26,000 in March’20 — amid lockdowns and other health challenges — has been led by a benign global liquidity backdrop, better containment of Covid-19 cases, sharp recovery in corporate earnings, and a market-friendly budget.