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After some turbulence in September, the Bulls on the Dalal Street are once again back in the driver’s seat. The benchmark S&P BSE Sensex rallied nearly 10 per cent in the past 10 trading sessions and regained the psychological 40,000-mark after over seven months. The index closed at 40,509 on October 9, less than 3.5 per cent shy of the all-time high of 41,945, registered in January this year. India’s market capitalisation made a new record of Rs 160.7 trillion on Friday.
The index is nearly at the same level when the second Narendra Modi government assumed office and, since
