The BSE SENSEX: A Journey Through India’s Economic Pulse
Imagine the BSE SENSEX as a barometer for the Indian economy, reflecting its health and growth over time. Launched in 1986, this market-weighted index of 30 well-established companies has seen remarkable milestones and fluctuations, mirroring the economic journey of India.
The Birth and Growth of SENSEX
Launched on April 1, 1979, with a base value of 100, the SENSEX was initially a simple index. However, it quickly evolved into a symbol of economic strength and investor confidence in India. The term ‘Sensex’ is a clever blend of “Sensitive” and “Index,” aptly capturing its role as an indicator of market sensitivity.
Key Milestones
When did the SENSEX first cross 8,000 points? On September 8, 2005, it reached this milestone. This was a significant achievement, reflecting the robust performance and growing investor interest in Indian equities.
The SENSEX continued its upward trajectory, crossing several key levels over the years:
- 10,000 points: February 7, 2006 – A testament to steady growth and investor optimism.
- 20,000 points: December 11, 2007 – Marking a new era of economic prosperity in India.
- 30,000 points: March 4, 2015 – A result of favorable monetary policies and investor confidence.
- 60,000 points: September 24, 2021 – Reflecting the economic resilience during challenging times.
Volatile Times
The SENSEX has not only seen upward trends but also faced significant volatility. For instance, on May 22, 2006, it plummeted by 1,100 points in a single day, causing investors to lose ₹6 lakh crore (US$131 billion) within seven trading sessions. However, the market quickly recovered, reaching an all-time high of 12,928.18 on October 16, 2006.
Recent Fluctuations
The SENSEX has faced challenges in recent years as well. On March 12, 2020, it plunged by 2,919.26 points due to the coronavirus pandemic and the Yes Bank crisis. Despite these setbacks, the index showed resilience, recovering to 50,167.71 by January 21, 2021.
Conclusion
The BSE SENSEX is more than just a stock market index; it’s a reflection of India’s economic journey and the confidence of its investors. From its humble beginnings to crossing 80,000 points in July 2024, the SENSEX has been a barometer of growth and change. As we look ahead, the SENSEX will continue to be a key indicator of India’s economic health, guiding both domestic and international investors.
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This page is based on the article BSE SENSEX published in Wikipedia (retrieved on March 11, 2025) and was automatically summarized using artificial intelligence.
