The Sensex Saga:Tracing the Footprints of 15 Pivotal Events

Explore pivotal moments from political victories to global crises that shaped India's premier stock index.

Attention, stock market enthusiasts! Brace yourselves for an exciting development in India's financial landscape as the Sensex, the country's premier stock index, has successfully surpassed the monumental 72,000 mark! This achievement is more than just a numerical milestone; it encapsulates a narrative of surging businesses, thriving industries, and the collective wealth of a nation reaching unprecedented heights. Join us on an exhilarating journey through 15 pivotal events that have laid the foundation for this historic milestone, offering a glimpse into the economic successes, policy changes, and moments of remarkable market dynamics that propelled the Sensex to its remarkable 72,000 milestone!

The Sensex, India's benchmark stock index, has witnessed significant fluctuations over the years due to various mega events. Here is an overview of 15 key occurrences that influenced the Sensex:

Israel-Hamas Conflict (2023): Ongoing tensions between Israel and Hamas in 2023 led to a Sensex drop to 63,800, sparking global economic concerns.

Ukraine-Russia War (2023): The war's impact on global trade and sanctions on Russia contributed to a Sensex low of 56,250 during the conflict.

Covid-19 Pandemic (2020): The pandemic prompted lockdowns, business closures, and a sharp economic decline, causing the Sensex to hit 29,500 in March 2020.

NDA Second Term (2019): The National Democratic Alliance's return to power in 2019 boosted investor confidence, propelling the Sensex to a high of 39,700 in October 2019.

GST Implementation (2017): The introduction of the Goods and Services Tax initially disrupted the economy, with the Sensex recovering to reach 32,500 by January 2018.

Demonetization (2016): The government's demonetization move led to a Sensex dip to 26,500 in November 2016, causing cash shortages and economic disruptions.

Narendra Modi as PM (2014): Narendra Modi's election as Prime Minister in 2014 sparked optimism, pushing the Sensex to a high of 24,200 in May 2014.

Commonwealth Games Scam (2011): The corruption scandal resulted in a loss of confidence, causing the Sensex to drop to 19,100 in November 2011.

UPA Term II (2009): The return of the United Progressive Alliance in 2009 led to a Sensex recovery, reaching 14,600 in January 2010.

Satyam Scam (2009): The Satyam Computer Services scam in 2009 impacted the IT sector and led to a Sensex low of 9,424 in January 2009.

UPA Win (2004): The UPA's victory in 2004 fueled optimism, propelling the Sensex to 5,700 in May 2004.

9/11 Attack (2001): The tragic events of 9/11 resulted in a 2,990-point drop in the Sensex, reflecting global uncertainty and fear.

Bhuj Earthquake (2001): The 2001 earthquake in Bhuj led to a 4,320-point decline in the Sensex, highlighting financial markets' vulnerability to unforeseen events.

Kargil War (1999): Geopolitical uncertainties during the Kargil War led to a 4,500-point dip in the Sensex.

BSE Blast (1993): The 1993 Bombay Stock Exchange blast caused a 2,300-point fall in the Sensex, raising concerns about financial institutions' security.

Disclaimer: The article is for informational purposes only and not investment advice.