The Sensex, or the S&P BSE Sensex Index, is one of the most widely followed stock market indices in India. It tracks the performance of 30 large and well-established companies listed on the Bombay Stock Exchange (BSE), representing various sectors of the Indian economy. The Sensex was launched in 1986 with a base value of 100, and since then it has witnessed many ups and downs, reflecting the changing fortunes of India’s economic development. Let’s Find out what is BSE Sensex Price History till 2023.
What is Sensex?
The term Sensex was coined by Deepak Mohoni, a stock market analyst in 1989. It is a portmanteau of the words Sensitive and Index. The Sensex is calculated using the free-float market capitalization method, which means that only the shares that are available for trading in the market are considered for the index calculation. The Sensex is also adjusted for corporate actions such as stock splits, dividends, bonus issues, rights issues, etc.
How has Sensex grown over time?
The Sensex started in the 1990s and ever since its commencement, it has witnessed rapid growth. This remarkable growth has been paced up after the year 2000 to be more specific. It was in the year 2002 that the Sensex index crossed the 6000 marks for the very first time. Since then, it has reached several milestones, such as 10000 in 2006, 20000 in 2007, 30000 in 2015, 40000 in 2019, and 50000 in 2021. As of June 20, 2023, the Sensex closed at 63327.70, which is an all-time high.
What is BSE Sensex Price History?
The following table shows some of the major milestones of the BSE Sensex history:
|1992||4000||Harshad Mehta Scam|
|2007||20000||Global Financial Crisis|
|2015||30000||Modi Government Reforms|
|2019||40000||Lok Sabha Elections|
What does Sensex mean for India?
The Sensex history is also a story of India’s economic transformation over the decades. The index has captured the impact of various events and reforms that have shaped India’s growth trajectory, such as liberalization, globalization, privatization, demonetization, GST implementation, COVID-19 pandemic, etc. The Sensex has also reflected the changing composition of India’s corporate sector, as some of the original companies have been replaced by new entrants from emerging sectors such as IT, telecom, banking, pharma, etc.
Sensex is not only a benchmark for investors and traders but also a barometer of India’s economic health and sentiment. The Sensex movements influence the mood and confidence of millions of Indians who are directly or indirectly connected to the stock market. Sensex is also a source of pride and aspiration for many Indians who dream of achieving financial success and prosperity.
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The Sensex history is a journey of India’s economic growth that continues to evolve and inspire. The Sensex is a testament to India’s resilience and potential as one of the world’s fastest-growing and largest economies.