The time line of sensex @60,000. | Top 10 MBA Colleges in Bangalore

Posted by Prof. Sibananda Das On 05/11/2022 07:55:10

 It dates back to 1875 to its establishment by Mr. Premchand roychand a businessman from the Jain community. On the term, Sensex is basically a portmanteau of the words sensitive and index, “Sensex” refers to the benchmark index of the BSE in India. The Sensex is comprised of 30 of the largest and most actively traded stocks on the BSE and provides a gauge of India's economy. The index is calculated based on a free float capitalisation method, a variation of the market capitalisation method. Instead of using a company's outstanding shares it uses its float, or shares that are readily available for trading. Free Floating capital implies total capitalization less Directors shareholding. MBA colleges in Bangalore list

Free float market capitalization = Share price * (shares issued – Locked in shares). Locked in shares = Shares held by promoters, Govt. Employee welfare trusts, strategic holdings by private companies or individuals. online MBA colleges in Bangalore

 As per free float capitalisation methodology, the level of the index at any point of time reflects the free float market value of 30 constituent stocks relative to a base period. The market capitalisation of a company is determined by multiplying the price of its stock by the number of shares issued by corporate actions. The index has increased by over twenty-five times from June 1990 to the present. Using information from April 1979 onwards, the long-run rate of return on the S&P BSE SENSEX works at 18.6% per annum. MBA colleges in Bangalore list

The index was launched in 1986 and is operated by S&P. (Standard and poor). Presently it is operated by Asia Index Pvt. Ltd is a 50-50 partnership between S&P Dow Jones Indices LLC, the world's largest provider of financial market indices, and BSE Ltd.

The following is a timeline of the rise of the SENSEX throughout Indian stock market history.

  • 1000, 25 July 1990 – On 25 July 1990, the SENSEX touched the four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results.
  • 2000, 15 January 1992 – On 15 January 1992, the SENSEX crossed the 2,000 mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken, under the leadership of the then prime minister PV Narasimha Rao, by the then finance minister and former Prime Minister of India Dr. Manmohan Singh.
  • 3000, 29 February 1992 – On 29 February 1992, the SENSEX surpassed the 3,000 mark in the wake of the market-friendly budget announced by Manmohan Singh. A++ Rated MBA college in Bangalore
  • 4000, 30 March 1992 – On 30 March 1992, the SENSEX crossed the 4,000 mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and SENSEX witnessed unabated selling.
  •  5000, 11 October 1999 – On 11 October 1999, the SENSEX crossed the 5,000 mark, as the Bharatiya Janata Party-led coalition won the majority in the 13th Lok Sabha election. MBA it colleges in Bangalore
  • 6000, 11 February 2000 – On 11 February 2000, the information technology boom helped the SENSEX to cross the 6,000 mark and hit an all-time high of 6,006 points. This record would stand for nearly four years, until 2 January 2004, when the SENSEX closed at 6,026.59 points.
  • 7000, 21 June 2005 – On 20 June 2005, the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL, Reliance Energy, Reliance Capital, and IPCL made huge gains. This helped the SENSEX cross 7,000 points for the first time. 
  •  8000, 8 September 2005 – On 8 September 2005, the Bombay Stock Exchange's benchmark 30-share index – the SENSEX – crossed the 8,000 level following brisk buying by foreign and domestic funds in early trading.
  • 9000, 9 December 2005 – The SENSEX on 28 November 2005 crossed 9,000 and touched a peak of 9,000.32 points during mid-session at the Bombay Stock Exchange on the back of a frantic buying spree by foreign institutional investors and well supported by local operators as well as retail investors. However, it was on 9 December 2005 that the SENSEX first closed at over 9,000 points. best MBA colleges in Bangalore
  • 10,000, 7 February 2006 – The SENSEX on 6 February 2006 touched 10,003 points during mid-session. The SENSEX finally closed above the 10,000 mark on 7 February 2006.
  • 20,000, 11 December 2007 – The SENSEX on 29 October 2007 crossed the 20,000 mark for the first time during intra-day trading, but closed at 19,977.67 points. However, it was on 11 December 2007 that it finally closed at a figure above 20,000 points on the back of aggressive buying by funds.
  •  21,000, 5 November 2010 – The SENSEX on 8 January 2008 crossed the 21,000 mark for the first time, reaching an intra-day peak of 21,078 points, before closing at 20,873. However, it was not until 5 November 2010 that the SENSEX closed at 21,004.96, for its first close above 21,000 points.
  • This record would stand for nearly three years, until 30 October 2013, when the SENSEX closed at 21,033.97 points.
  • 19 February 2013 – SENSEX becomes S&P SENSEX as BSE ties up with Standard and Poor's to use the S&P brand for Sensex and other indices.
  • 13 March 2014 - The SENSEX closes higher than the Hang Seng Index, to become the major Asian stock market index with the highest value, for the first time ever.
  •  24 March 2014 – The SENSEX on 10 March 2014 crossed the 22,000 mark for the first time during intra-day trading. However, it was on 24 March 2014 that the index finally closed above the milestone at 22,095.30.
  • 24,000, 13 May 2014 - The SENSEX crossed record 24,000 level for the first time, on 13 May 2014 and reached its peak of 24,067.11 due to sustained capital inflows by foreign funds at the domestic bourses and widespread buying by retail investors after exit polls showing the BJP-led NDA forming the government lifted the key indices to new highs. However it closed at a little low at 23,905 points.
  • 25,000, 16 May 2014 - The SENSEX crossed record 25,000 level for the first time, on 16 May 2014 and reached its peak of 25,364.71 due to winning of the BJP led NDA government by a staggering record marginal difference of all times. However, it closed well below the 25,000 mark. Still, the index closed at its all-time high of 24,121.74, for its first close above 24,000 points. The SENSEX closed at 25,019.51, for its first close above the 25,000 milestone on 5 June 2014.
  • 26,000, 7 July 2014- The SENSEX crossed record 26,000 levels for the first time on 7 July 2014 and reached its peak of 26,123.55, before closing slightly lower at 26,100.08, in anticipation of strong reformatory budget by the new government.
  • 30,000, 4 March 2015 - The Sensex breaches 30000 mark following steps taken by the Reserve Bank of India in cutting the repo rates.
  • 39,000, 1 April 2019 – The SENSEX on 1 April 2019 crossed the 39,000 mark for the first time during intra-day trading.
  • 2 April 2019 – The SENSEX closed at 39,056.65, for its first close above the 39,000 level.
  • 40,000, 23 May 2019 – The SENSEX crossed "40,000.100" at 10:45 AM for the first time. (2019 Loksabha (House of the People) Election results were getting published). list of MBA colleges in Bangalore with contact details
  • 50,000, 21 January 2021 - The SENSEX crossed 50,000 marks with an all-time high of 50,181 at around 1:31 PM.
  • 60,000, 24 September 2021 - The SENSEX crossed 60,000 mark with an all-time high of 60,218 at around 9:30 AM. Presently the sensex is trading at 60,746.59 points with a significant rise in 786.74 points as on date 31.10.22. It represents the real economic flow in terms of organised sector. The Geo-political stability in the subcontinent is another reason which has strong contributions in the field of FDI from different FII.

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