The BSE Sensex was up by 568.9 points or 0.94% to close at a record high of 61,305.95 on Thursday, gaining for the sixth consecutive session and tracking the Asian markets. Investors digested the release of recent FOMC meeting minutes which confirmed the Fed is ready to taper bond purchases from mid-November. Also, the market got support from record monthly inflow of over USD 1 billion funds in September from retail mutual fund investors, as per data from the Association of Mutual Funds in India. 22 out of 30 stocks on BSE Sensex ended in green mostly from banks, capital goods and consumer goods sectors. Among the individual stocks, Indian Tobacco Company (ITC) led the gains (+2.89%) amid speculation over its tie up with E-commerce giant, Amazon; followed by HDFC Bank (+2.86%) and Power Grid (+2.51%). On the other hand, Tata Consulting Services (TCS) fell the most (-1.22%). On the week, the BSE booked around 2% gain. The stock market is closed for Dussehra holiday on Friday.
Historically, the India SENSEX Stock Market Index reached an all time high of 61353.25 in October of 2021. India SENSEX Stock Market Index - data, forecasts, historical chart - was last updated on October of 2021.
The India SENSEX Stock Market Index is expected to trade at 58485.51 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 54005.11 in 12 months time.