What Sensex at 50,000 really means for equity investors

I would have thought that it goes without saying that round numbers of the Sensex or any other index are meaningless but apparently they aren’t. It looks as if the Sensex hitting 50,000 means a lot to investors. Or perhaps it doesn’t—it’s only the people who write in the media—social and otherwise—who are incessantly talking about the 50,000.There are a number of different points that need to be made about this 50,000 business that are somewhat