Indian Stock Market Journey: From 100 to 62000 Points
16th November 2022
The S&P BSE Sensex closed above 40,000 points for the 1st time on May 23, 2019 with the euphoria experienced due to the Narendra Modi led NDA Government coming to power for yet another term. Nifty also surpassed the 12,000 level for the first time in the history.
Indian Stock Market History
The stock markets in India began way back in 1875. The BSE (Bombay Stock Exchange) is the most established stock exchange in India.
The history of Indian stock trading begins with 318 persons taking membership in “Native Share and Stock Brokers Association” which we now know as the BSE. In the year 1965, BSE got eternal recognition from the Government of India.
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The NSE (National Stock Exchange) comes next to BSE in terms of recognition. BSE and NSE symbolize themselves as synonyms of Indian stock market.
The 30 stock sensitive index (popularly known as Sensex) was first piled up in 1986. The Sensex is compiled based on the performance of the stocks of 30 financially sound companies.
In the year 1990, the BSE crossed the 1000 mark for the 1st time. It crossed 2000, 3000 and 4000 marks in 1992. The sole reason for such tremendous surge in the Indian stock market was the liberal financial policies announced by Dr. Man Mohan Singh (finance minister of India at that time)
Scam in the Indian Stock Market
The uptrend of the market was all of a sudden lost momentum with Harshad Mehta fraud. It came to public knowledge that Mr. Harshad Mehta, also known as the big bull of Indian stock market redirected immense funds from banks through deceitful means.
He played his part with 270 million shares of around 90 odd companies. A large number of small-size investors became victims of the scam and the Sensex fell more than 570 points.
To avoid such scams in future, the Government of India formed SEBI (The Securities and Exchange Board of India) in 1992. SEBI is the constitutional body that regulates and controls the functioning of stock exchanges, investment advisors, portfolio managers’ brokers, sub-brokers etc.
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SEBI oblige several rigid measures to protect the interest of investors. Now with the commencement of online trading and day by day settlements the chances for a fraud is almost nil, says top authorities of SEBI.
Sensex started its journey again after as many as eight years and crossed the 5000 mark for the 1st time in the year 1999 and the 6000 mark in 2000. The 7000 mark was crossed in June and the 8000 mark on September 8 in 2005 itself.
Many FII (Foreign Institutional Investors) are investing in Indian stock markets on a very large scale. The liberal economic policies pursued by successive Governments attracted FIIs to a large scale. Sensex touched 9000 on 28 November 2005 and reached the magical figure of 10000 two and half years later on 6 February 2006.
BSE Sensex History
Published since 1st January 1986, Sensex is regarded as the pulse of the domestic stock markets in India. The base value of the Sensex is taken as 100 on 1 April 1979, and its base year as 1978-79.
Here is the sensex journey from 1,000 to 62,000
In July 1990, the Sensex touched the 4-digit figure for the first time and closed at 1,001.
In January 1992, the Sensex crossed the 2,000 mark and closed at 2,020.
In February 1992, the Sensex surged past the 3,000 mark for the 1st time.
In March 1992, the Sensex crossed the 4,000 mark and closed at 4,091.
In October 1999, the Sensex crossed the 5,000 level.
In February 2000, the Sensex hit an all-time high of 6,000 points.
In June 2005, the Sensex crossed 7,000 points for the first time.
In September 2005, the Sensex crossed 8,000 level.
In December 2005, the Sensex first closed at over 9,000 points.
In February 2006, the Sensex finally closed above the 10,000 mark.
In March 2006, the Sensex crossed 11,000 points.
In April 2006, the Sensex crossed 12,000 level.
In October 2006, the Sensex crossed 13,000 mark for the first time.
In December 2006, the Sensex crossed the 14,000 mark for the first time.
In July 2007, the Sensex crossed the 15,000 mark for the first time.
In September 2007, the Sensex crossed the 16,000 mark for the first time.
In September 2007, the Sensex crossed the 17,000 mark for the first time.
In October 2007, the Sensex crossed the 18,000 mark for the first time.
In October 2007, the Sensex crossed the 19,000 mark for the first time.
In December 2007, the Sensex closed above 20,000 points.
In November 2010, the Sensex closed above 21,000 points.
In March 2014, the Sensex closed above 22,000 level.
In May 2014, the Sensex crossed record 23,000 level for the 1st time.
In May 2014, the Sensex crossed record 24,000 mark for the first time.
In May 2014, the Sensex crossed record 25,000 level for the first time.
In July 2014, the Sensex crossed record 26,000 level for the very first time.
In September 2014, the Sensex closed above 27,000 level.
In November 2014, the Sensex closed above 28,000 mark for the 1st time.
In January 2015, the Sensex crossed the 29,000 mark.
In March 2015, the Sensex closed above 30,000 level for the 1st time in history.
In May 2017, the Sensex crossed record 31,000 mark for the first time.
In July 2017, the Sensex crossed record 32,000 level for the very first time.
In October 2017, the Sensex crossed the 33,000 mark for the first time.
In December 2017, the Sensex closed above 34,000 points.
In January 2018, the Sensex crossed the 35,000 mark.
In January 2018, the Sensex crossed the 36,000 mark for the first-time.
In July 2018, the Sensex crossed the 37,000 mark for the first time.
In August 2018, the Sensex crossed 38,000 level.
In April 2019, the Sensex crossed 39,000 level.
In May 2019, the Sensex crossed record 40,000 mark for the first time.
On 26th November 2019, the Sensex surpassed 41,000 level for the first time.
On 16th January 2020, the BSE Sensex crossed 42,000 mark for the very first time
On 10th November 2020, the Sensex crossed 43,000 level.
On 18th November 2020, the Sensex crossed 44,000 level.
On 4th December 2020, the Sensex surpassed 45,000 level for the first time.
On 9th December 2020, the BSE Sensex crossed 46,000 mark for the very first time.
On 18th December 2020, the Sensex crossed 47,000 level.
On 4th January 2021, the Sensex crossed 48,000 level for the first time.
On 11th January 2021, the Sensex crossed 49,000 mark for the first time.
On 21st January 2021, the BSE Sensex crossed 50,000 mark for the very first time.
On 8th February 2021, the BSE Sensex crossed 51,000 mark for the first time.
On 15th February 2021, the Sensex crossed 52,000 level for the first time.
On 23rd June 2021, the Sensex crossed 53,000 mark for the first time.
On 4th August 2021, the BSE Sensex touched 54,000 mark for the very first time.
On 13th August 2021, the Sensex crossed 55,000 level for the first time.
On 24th August 2021, the BSE Sensex crossed 56,000 level for the very first time.
On 31st August 2021, the Sensex crossed 57,000 level for the first time.
On 3rd September 2021, the Sensex crossed 58,000 level for the first time.
On 16th September 2021, the BSE Sensex crossed 59,000 level for the first time.
On 24th September 2021, the Sensex surged past 60,000 mark for the 1st time.
On 14th October 2021, the Sensex surpasses 61,000 mark for the 1st time.
On 16th November 2022, the Sensex surpasses 62,000 level for the 1st time.
Factors That Affect the Stock Market
The impulsive actions of the market gave it a tag – a volatile market. The factors that influenced the market in the past were a good monsoon, election results, international events (BREXIT was the latest issue) etc. Good monsoons all the time raise the market sentiments. A good monsoon typically means improved agricultural produce and more spending capacity among rural folk. The result of a cricket match between India and Pakistan (also with the other nation) also affected the movements in Indian stock market.
Listed Companies on the Stock Exchange
India, after the United States, hosts the largest number of listed companies on the stock exchange. There are as many as 7200 companies listed in India (5,500+ companies listed in BSE and 1,696 companies listed on NSE; Just keep in mind that these numbers are flexible and can change overnight).
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Once upon a time viewed with cynicism, stock market now appeals to middle-class and lower middle-class Indians also. Many Indians settled across the globe now divert their savings to stocks. This recent phenomenon is the result of opening up of online trading in India and diminished interest rates from banks. The stockbrokers based in India are opening offices in different countries mainly to cater the needs of NRIs (Non-Resident Indians).
Bombay Stock Exchange Listing
January 23, 2017, was the day when BSE (Bombay Stock Exchange) come up with IPO (15,427,197 Equity Shares of Rs 2 aggregating up to Rs 1,243.43 Cr) with an issue price of Rs. 805 – Rs. 806 per Equity Share.
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And it was February 3, 2017, the day when Asia’s oldest bourse BSE listed at a robust premium to the offer price. Against the offer price of Rs 806, the BSE stock was listed at Rs 1,085 a 35% premium.
With this NSE IPO can now be expected to come soon.
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Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.
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Tags: Big Bull, Bombay Stock Exchange, BSE, FII, Foreign Institutional Investors, Indian Stock Market, Indian Stock Market Journey, National Stock Exchange, NSE, Scam, SEBI, Securities and Exchange Board of India, Sensex, Sensex at 30000, Stock, Stock Market
