Sensex is reached a record high of 67k

The Nifty50 index has experienced a strong rise of more than 15% since its March 2023 low, reaching an all-time high level of 19,595.35 on Friday. During the day, the Sensex also reached a record high of 66,159.79.After Brazil, Japan, and Russia, the Nifty index had the fourth best performance during the April to June quarter, rising 10.5%. A 17.7% premium to the index’s average was implied by its excellent performance, which increased its 12-month forward PE from 17.4x at the beginning of the quarter to 18.6x.

The Bombay Stock Exchange (BSE)’s (Sensex, abbreviated for “Sensitive Index”) leading stock market index measures the BSE’s overall performance. It gives experts and investors information about the state of the nation’s economy and stock market developments. The Sensex’s beginnings can be traced to the latter half of the 20th century:

1. *Established in 1986*

The Sensex was launched by the BSE on January 1st, 1986. It started with the base year 1978–1979, which had a base value of 100. The index was created to assess the performance of the 30 most financially significant and actively traded businesses on the BSE across a range of industries.

2. Early Years (1986–1990):

The Sensex’s early years saw only modest development and volatility. Specifically, domestic economic considerations had a major impact.Economic Reforms (1991): In 1991, India underwent a series of economic reforms aimed at opening up the country’s economy. These changes drew international capital and improved foreign consumers’ access to Indian markets. As a result, the Sensex experienced significant rise and overseas investors began to exhibit interest in Indian stock

4. **Tech Boom (late 1990s)**:

India was not an exception to the global boom in technology equities that occurred in the late 1990s. The Sensex rose during this time period as a result of India’s growing IT and software sector.

5. Global Financial Crisis (2008):

The Indian stock market was significantly impacted by the 2008 financial crisis, and the Sensex fell precipitously. In contrast to other nations, the Indian economy shown resilience and rebounded very fast.

6. Bull Run and Milestones (2014-2019):

In 2014, India had the election of a stable administration, which boosted investor confidence. After starting on a bull run, the Sensex crossed the landmark 30,000 threshold in 2017. Later, it kept reaching new heights and in 2019 passed the 40,000 threshold.

7. **COVID-19 Pandemic (2020)**:

The COVID-19 pandemic broke out in early 2020, causing a global market crisis and a precipitous drop in the Sensex. The Sensex, however, proved resilient and started to rebound as a result of numerous economic stimulus measures and investor optimism about the recovered.

8. Market all time high(2023) :

the Indian stock market all time high at level 67000 record high first time in history

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