The S&P BSE Sensex jumped more than 870 points to close at an all-time high of 53,823 on Tuesday, led by gains in led by shares of Titan Company, HDFC, IndusInd Bank, Sun Pharma, SBI, and Nestle India. Hopes of a faster-than-expected economic recovery in India and a strong April-June earnings season offset concerns over a possible third COVID wave, commodity led inflation and volatility around the US Federal Reserve's taper talk. The NSE Nifty 50 index closed up 1.6% above the 16,000 mark for the first time.
Historically, the India SENSEX Stock Market Index reached an all time high of 53887.98 in August of 2021. India SENSEX Stock Market Index - data, forecasts, historical chart - was last updated on August of 2021.
The India SENSEX Stock Market Index is expected to trade at 51176.47 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 47012.23 in 12 months time.