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Sensex mirrors changes in economy over 30 years

The index's surge has been uneven. It took nearly two decades to touch 10,000 but the surge from there to 20,000 points happened in less than two years

A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai
A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai

The BSE exchange’s benchmark 30-share Sensitive Index, or Sensex, has mirrored changes in the economy in the past three decades. In this period, total Sensex market capitalisation has zoomed more than 300 times, to Rs 47.8 lakh crore from Rs 14,800 crore. Since it was first compiled in 1986, the Sensex has come to be known as market bellwether and a chronicler of bull runs. The rally between 1990 and 1992, from 650 points to 4,467, was a major event for Indian equities and later came to be associated with the Harshad Mehta scam. Subsequent rallies of 1998-2000, led by information ...