Winning Bizness Desk

Mumbai. Bombay Stock Exchange has completed the journey of next 10,000 in the least number of trading days for the first time in history. On Wednesday, Sensex crossed the 80,000 mark for the first time and took only 138 days for Sensex to reach 80,000 from 70,000, which is the fastest speed in its history to reach the 10,000 mark. Sensex had touched the 70,000 mark in mid-December. According to the data, the first 10,000 mark was reached in February, 2006. Then it took 463 days for Sensex to reach 20,000. It took 2,318 days for the Sensex to reach the next 10,000, i.e. 30,000, which it achieved in April 2017. It took 520 days for the Sensex to go from 30,000 to 40,000 and from there it took 416 days to reach the 10,000 mark, i.e. 50,000.

From 50K to 60K in 158 days

However, the journey from 50,000 to 60,000 took only 158 days. This was the second fastest pace of gaining 10,000. And it took 548 days again to go from 60,000 to 70,000. Last year, many experts gave their own predictions about the Sensex crossing the 1 lakh mark. Currently, the Sensex has crossed the 80,000 mark. Now 1 lakh does not seem to be far from here. Well, we will see when it reaches one lakh, but right now we are talking about the last 10,000 points. In December 2023, the Sensex crossed 70,000 for the first time. After that, it completed the next 10,000 point run in just 7 months. It took only 138 trading sessions to increase 10,000 points. This running has been the fastest by the Sensex. Never before had there been a jump of 10,000 points in such a short time.

5 stocks have contributed 55% in this rally

According to the report, very few stocks have participated in this 10,000 point run. Only 5 stocks have contributed 55 percent to this rally. After that 11 stocks together have contributed 30 percent. These stocks contributing 55 percent include Reliance Industries, Bharti Airtel, State Bank of India, Mahindra & Mahindra, and ICICI Bank. The stocks of these five companies have added a valuation of Rs 11.85 lakh crore between 11 December 2023 and 3 July 2024. Reliance and Bharti Airtel have been at the forefront of this race. Not a single stock of Adani Group is included in these five stocks. However, the next 11 stocks have one stock of Adani Group. The list of stocks contributing 30 percent to this rally includes TCS, Adani Ports, Power Grid, HDFC Bank, Tata Motors, NTPC, Sun Pharma, UltraTech Cement, Tata Steel, Infosys, Axis Bank. The remaining contributors include Maruti Suzuki, L&T, HCS Tech, JSW Steel, Tech Mahindra, Nestle India, and HUL.