The Sensex crossed the 40,000 mark for the first time ever on Thursday as results of the general elections show Prime Minister Narendra Modi's party, the right-wing BJP, is ahead in 298 of the 542 seats available. More than the 272 seats needed for a majority in the lower house of parliament. Final results are due by Thursday evening. Historically, the India SENSEX Stock Market Index reached an all time high of 39352.67 in May of 2019 and a record low of 113.28 in December of 1979.
The India SENSEX Stock Market Index is expected to trade at 38633.43 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 37462.48 in 12 months time.