Sensex Hits Historic 50,000-mark; Nifty Trades Above 14,700

Indian stock market spiraled in the opening trades of January 21 as the benchmark Sensex crossed the historic 50,000-point for the first time. Jumping 230.69 points from its last close, the Dalal Street almost doubled its value from March 2020 (25,638). Nifty also witnessed a bullish trend while trading above 14,700 points. The steeped rise has been caused by optimism linked to US President Joe Biden's economic resolutions and strong FII inflows.