The sensex zoomed past the 40,000 mark for the first time ever on Thursday following the Modi government’s resounding return to office. However, it closed at 38,811, down 299 points as euphoria on the street gave way to the sobering reality of a slowing economy, global trade tensions and flat corporate earnings.
The sensex had touched 25,000 for the first time on May 16, 2014, the day the Narendra Modi-led NDA had won the previous election. It first crossed the 30K mark on March 4, 2015, and closed above the mark on April 26 in the same year.
The sensex zoomed past the 40,000 mark for the first time ever on Thursday following the Modi government’s resounding return to office. However, it closed at 38,811, down 299 points as euphoria on the street gave way to the sobering reality of a slowing economy, global trade tensions and flat corporate earnings.
The sensex had touched 25,000 for the first time on May 16, 2014, the day the Narendra Modi-led NDA had won the previous election. It first crossed the 30K mark on March 4, 2015, and closed above the mark on April 26 in the same year.
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