The S&P BNSEX went up 266 points or 0.5% to 50.668 in early trade on Monday, rising for the first time in three sessions, on optimism about global economic recovery supported by a massive fiscal and monetary. The US Senate on last Saturday has passed the $1.9 trillion COVID-19 fiscal aid, sending it back to the House for expected approval in the coming days. Sentiment was also boosted by encouraging China's trade data where trade surplus in January-February combined was larger than expected as exports jumped by 60.6% yoy, while imports grew 22.2%. On the pandemic front, India on Monday registered 18,599 new coronavirus cases, pushing the country’s tally to 1.12 million. Saturday was the first time in 36 days that the daily cases went over 18,000. Oil and Natural Gas Co climbed 3.7%, while HCL Technologies added 1.8%. Meantime, shares of Muthoot Finance dropped 3.1% after reports that the company's chairman fell from the fourth floor of his house in New Delhi last Friday.
Historically, the India SENSEX Stock Market Index reached an all time high of 52516.76 in February of 2021. India SENSEX Stock Market Index - data, forecasts, historical chart - was last updated on March of 2021.
The India SENSEX Stock Market Index is expected to trade at 49453.18 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 46091.49 in 12 months time.