Sensex journey to 50,000 has been clearly an impressive one with several stocks contributing to its gains. When it comes to market cap addition, the clear winner is TCS, followed by HDFC Twins, ICICI Bank, and Kotak Mahindra Bank. These stocks contributed the most to the market capitalisation when Sensex moved from 40,000 to 50,000.   

Sensex touched the 50,000 mark for the first time ever on January 21, 2021. It is a special moment for Indian equity investors. A brilliant rally that saw Sensex gain 5,000 points in just 35 sessions has caught global investors’ attention.   

The market opened in green on January 21, 2021.

The market opened in green on January 21, 2021, overall volumes in futures & options currently stand at 3,63,69,145 contracts with a turnover of Rs. 33,42,185.31 crore.

The market opened in green on January 21, 2021, overall volumes in futures & options currently stand at 3,63,69,145 contracts with a turnover of Rs. 33,42,185.31 crore.

Nifty has rallied nearly 95 per cent from the lows of March. With this, the index is currently trading up by 29 per cent from the long-term moving average i.e. 200-DMA, and nearly 8 per cent up from the 50-DMA. This indicates that the price is trading too far away from its mean.

The derivatives data is also suggesting a long build-up in the stock. On Wednesday, January series stock future saw 18,90,000 addition of open interest, which is 15.63 per cent addition in the open interest. It indicates that there is a long build-up in the market.

The stocks of Tanla Platforms Limited were trading up by 4 per cent on Wednesday after the company announced that it has collaborated with Microsoft to launch ‘Wisely’, a blockchain-enabled communication platform-as-a-service (CPaaS) offering built-on Microsoft Azure. 

On Wednesday, LT Foods Limited announced that it has acquired a 30 per cent stake in Leev.nu via its subsidiary, Nature Bio Foods BV, with an option to acquire another 21 per cent at the end of 5 years. 

On Wednesday, the domestic benchmark indices hit record highs, led by IT & auto stocks amidst positive global cues.  Sensex gained by around 393.83 points or by 0.80 per cent to settle at 49,792.12 levels while Nifty rose by 123.55 points or by 0.85 per cent to close at 14,644.75 levels.