Sensex closes above 53,000 for the first time ever, adds 193 pts

Nifty 50 index rose 61 points, or 0.4 per cent, to end at a new lifetime high of 15,879.65

The benchmark Sensex on Wednesday closed above the 53,000-mark for the first time. The index of 30 blue-chip stocks ended the session at 53,054, following a gain of 193 points, or 0.37 per cent. The Nifty50 rose 61 points, or 0.4 per cent, to end at 15,879.65, a new lifetime high.

The Sensex had first closed above the 52,000-mark on February 15.

The latest 1,000-point up-move has been the slowest, compared to the earlier 10. The previous 1,000-point up-move from 51,000 to 52,000 took just five trading sessions in February amid a global risk-on rally, following the inauguration of Joe Biden as