Sensex Touches 80,000 Mark

• 06 Jul 2024

Source: IE

Recently, the Bombay Stock Exchange (BSE) Sensex has crossed the 80,000 mark for the first time on 4th July 2024, hitting a new peak of 80,074 during intraday trades.

• The Sensex has doubled in the last 5 years, after taking 12 years to climb from 20,000 to 40,000.
  • It has crossed its first 10,000 level in 2006, the 20,000 level in 2007, and the 40,000-mark in 2019.
• Sensex (Stock Exchange Sensitive Index):
  • It  is a stock market index that tracks the performance of the 30 largest and most actively traded companies listed on the Bombay Stock Exchange (BSE) in India. 
    • A stock exchange is a centralised location where the shares of publicly traded companies are bought and sold. BSE is the oldest stock exchange in Asia established in 1875.
  • The Sensex was launched in 1982 by the BSE.
  • It is used by analysts and investors to track India’s economic cycles as well as the growth and decline of specific sectors.
  • The Sensex is re-evaluated two times a year, one in June and the next in December. 
• Another stock market index named Nifty 50 tracks the performance of 50 companies that are listed on the National Stock Exchange (NSE). It was introduced in 1996.

Read more:  Indian Stock Market is Fourth-largest Globally.