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.