Sensex celebrates 30th year
On the launch day, the index closed at 549.43 points.
Mumbai: India’s benchmark index Sensex is celebrating 30 years of its existence, synonymous with Indian equity market and stock market the index remains the most widely tracked Indian equity market index.
The S&P BSE Sensex, launched on January 1, 1986, by the then Bombay Stock Exchange, the world's largest exchange in terms of number of companies listed (over 7,800), represents about 45 per cent of the nation's market by value.
On the launch day, the index closed at 549.43 points. It scaled lifetime high of 30,024.74 points intra-day on March 4, 2015, while the closing high was 29,380.73 on the same day.
BSE managing director and chief executive Ashishkumar Chauhan during an event organised to celebrate 30 years of Sensex said the 30-share benchmark has become part and parcel of the nation's life and reflects the economic activities and the way the country is moving.