The Sensex’s history started in 1986, many years ago. The Bombay Stock Exchange (BSE) made the decision to construct an index during this period to monitor the performance of the most well-known stocks in the nation. The Sensitive indicator, sometimes known as the Sensex, became the name for this indicator.
The Sensex encountered its fair share of difficulties when it was developing. A variety of factors, including the state of the economy, company performance, political stability, and world events, have an impact on the stock market, making it a dynamic and ever-changing environment. In times of economic turbulence like the 1991 financial crisis and the 2008 global recession, the Sensex had to remain stable. However, it also reached new heights while the economy was expanding and stable.
But the Sensex was more than simply a number that appeared on a screen or in the newspaper. It contained the hopes and ambitions of numerous people and organizations. It stood for economic expansion, job possibilities, and the production of riches. An increase in the Sensex inspired optimism and joy, while a fall in the index raised red flags and advised prudence.
Sensex started in 1986. Its base year was kept at 1978-79 and the base point was 100. In July 1990, this figure reached the level of 1000. In 1992 it crossed 4000 points. After this, it had to wait till 1999 to cross the 5000 points. Sensex reached a high of 5150 in 1999. The speed of the stock market remained intact even in 2000 and crossed the level of 6000. But, 2001 and 2002 proved to be very bad. Sensex fell again in 2001 to 4462 and in 2002 came to 3758 points. In 2003 it was at the level of 5920 and in 2004 at 6617.
Sensex took off in 2005 and reached the highest level of 9442. After this, in no time it crossed the level of 14000 in the next year. Sensex created history by crossing the level of 20000 in 2007 and 21000 in 2008. According to the data given on BSE, in 2009 the Sensex fell to 17530. It was at 21108 in 2010 and 20664 in 2011. Its high was 19612 in 2012. Sensex was at a high level of 21483 in 2013 before the Modi government came.
In 2014, the Sensex closed higher than the Hang Seng index. Sensex became the most valuable stock exchange in Asia. In the same year, the Sensex jumped from 21,000 to reach a high of 28,822. In early January 2015, the Sensex closed at 29,278. Due to the cut in the repo rate, the Sensex crossed the 30,000 mark this year. 29077 came in 2016 and Sensex reached 34137 in 2017.
In the year 2014, Sensex jumped from 21,000 to reach a high of 28,822. Since the arrival of the Modi government, it is flying continuously. Sensex has jumped about 42000 points in just 9 years.
The Sensex changed throughout time in tandem with advancing technology. Through internet platforms and mobile applications, it became available to a broader audience. Now, investors could follow its movements in real-time and quickly come to a judgment.
The Sensex’s continuing narrative is always developing and adjusting to the shifting market forces. It serves as a reminder of the financial industry’s interdependence and the strength of group efforts. It stands in for the aspirations, worries, triumphs, and difficulties of the entire country.
Thus, the Sensex keeps garnering media attention and influencing the future of numerous businesses and people. Its tale is closely entwined with India’s economic development, highlighting the entrepreneurial spirit, tenacity, and quest for success.