Mumbai: The Bombay Stock Exchange’s Sensex closed at 50,000 points today. Sensex has been on the rise since Finance Minister Nirmala Sitharaman announced the budget earlier this month. The Sensex closed at 50,255 points today, with an increase of 456 points, up from 3,500 points in two days. The Nifty of the National Stock Exchange also rose 182 points to close at 17, 7 points. Lockheed later ran the Sensex at high speed. Investors involved in the trip have also been plagued. Following the announcement of the lockdown on March 23 last year, the Sensex fell by 3,737 points in a single day to close at 25.91 points. Since then, the Sensex has risen 26.28 points. This represents a significant increase of 73.42%. “It simply came to our notice then. Investors have made a profit of Rs 7.56 lakh crore during this period. There are a number of reasons behind the rise in Sensex. The Sensex has been growing rapidly since the results of the U.S. presidential election and the corona vaccine became clear. The Centre’s budget has further accelerated the pace of the Sensex. Investors are enthusiastic about the sale of shares of various government companies, huge investment proposals in health and infrastructure, and some major announcements to allow the FDI in the insurance industry to 6%. They are buying large quantities of stocks from banks and insurance companies. That’s why Sensex is moving forward. The Sensex has risen 38 points and the Nifty 1156 points over the past three days. In the last three days, investors have made a profit of Rs 12.31 lakh crore.
