Lifetime Highest Point Of BSE Sensex And NSE Nifty

September 3, 2019

Bombay stock exchange (BSE) is oldest stock exchange in Asia. Stocks of 4,428 companies are listed on the Bombay Stock Exchange which are active in 2019. Similarly, stocks of about two and a half thousand companies are listed in the National Stock Exchange (NSE). BSE’s Sensex and NSE’s Nifty can be considered as meters of India’s economy. India’s economy can be understood from which direction the economy of India is going in these two ups and downs.
The Bombay Stock Exchange was established in India in 1875, while the National Stock Exchange (NSE) was established in 1992 in Mumbai during P. V. Narasimha Rao government.
Sensex was formed on the basis of their share prices by forming a group of 30 best companies in BSE.The lowest point of BSE Sensex was 398 on 30th March 1988. After this, the business of buying and selling stock in India continued to grow. Later, due to the electronicization of the sale and purchase of shares, common people also started buying shares. After the establishment of the National Stock Exchange in 1992, the Government Rules Act also came into regulation on the stock market, due to which the occurrence of counterfeiting in the stock market started to reduce. In 1992, due to economic liberalization, capital investment in India increased. Due to which local traders as well as foreign traders also started getting interested in buying stocks of Indian companies. Since then, the Indian stock market has continued to grow.
The Sensex closed at 40267.62 points on 3rd June 2019, which was the peak of the BSE Sensex in the entire life of the BSE Sensex. Similarly, on 3rd June 2019, the National Stock Exchange’s Nifty also closed at 12088.55 points, which is the highest point in the entire life of the Nifty. Both of the above points are the highest points recorded by Sensex and Nifty respectively.
After touching this high point, there was a lot of slackness in the Indian stock market. The main reason for this is the decrease in business in automobile sector, loss of banks, privatization of many public sectors, reducing the number of public sector banks etc.
The NITI Aayog, run by the Government of India, has expressed concern over the declining economy of India and has attributed it to demonetization and the new tax system ‘GST’. However, the Modi government is avoiding speaking anything on this issue.

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