30 Year old S&P BSE SENSEX conquers the 30,000 mark

The much awaited 30,000 mark was conquered by the S&P BSE SENSEX on Apr. 26, 2017 where the index level closed at 30,133.35, while the total return index level closed at 42,503.33. It took 557 trading sessions to go from the 29,000 level to cross the 30,000 level.  The S&P BSE SENSEX was launched on Jan. 2, 1986; it is now over 30 years old.  It comprises 30 stocks that represent the broader Indian equity marketplace.  The base year of the S&P BSE SENSEX is 1979, with a base value of 100 index points.

Exhibit 1: Index Returns
Source: S&P Dow Jones Indices LLC.  Data from Jan. 2, 1986, to Apr. 26, 2017.  Chart is provided for illustrative purposes.  Past performance is no guarantee of future results.

Exhibit 1 depicts the price returns of the S&P BSE SENSEX from its launch date.  The total returns version of the index is available from August 1996.

Notable events during the 30-year journey of S&P BSE SENSEX include the following.

  1. S&P BSE SENSEX first passed 1,000 on July 25, 1990.
  2. S&P BSE SENSEX took 1,692 trading days to double the index value on Aug. 21, 1990.
  3. On April 28, 1992, the S&P BSE SENSEX dropped by 12.77%, its worst single day fall.
  4. A major revamp of the S&P BSE SENSEX happened on Aug. 19, 1996, when 15 companies were replaced.
  5. The first ETF linked to the S&P BSE SENSEX was launched on Sept. 1, 2003.
  6. On May 18, 2009, the S&P BSE SENSEX gained 17.3%, the best single day gain.
  7. S&P BSE SENSEX crossed 30,000 during intraday on March 4, 2015; however it closed below the 30,000 level.
  8. S&P BSE SENSEX closed above 30,000 for the first time on Apr. 26, 2017.
Exhibit 2: 1000-Point Level of S&P BSE Sensex
MILESTONE DATE S&P BSE SENSEX INDEX LEVEL NUMBER OF TRADING DAYS SINCE PRIOR MILESTONE
Inception April 3, 1979 124.15
1000 July 25, 1990 1,007.97 2,288
2000 Jan 15, 1992 2,020.18 290
3000 Feb 29, 1992 3,017.68 29
4000 March 30, 1992 4,091.43 15
5000 Oct. 11, 1999 5,031.78 1,732
6000 Jan. 2, 2004 6,026.59 1,060
7000 June 21, 2005 7,076.52 371
8000 Sept. 8, 2005 8,052.56 54
9000 Dec. 9, 2005 9,067.28 63
10000 Feb. 7, 2006 10,082.28 40
11000 March 27, 2006 11,079.02 32
12000 April 20, 2006 12,039.55 15
13000 Oct. 30, 2006 13,024.26 135
14000 Jan. 3, 2007 14,014.92 45
15000 July 9, 2007 15,045.73 126
16000 Sept. 19, 2007 16,322.75 51
17000 Sept. 27, 2007 17,150.56 6
18000 Oct. 9, 2007 18,280.24 7
19000 Oct. 15, 2007 19,058.67 4
20000 Dec. 11, 2007 20,290.89 41
21000 Nov. 5, 2010 21,004.96 715
22000 March 24, 2014 22,055.48 844
23000 May 12, 2014 23,551.00 30
24000 May 16, 2014 24,121.74 4
25000 June 5, 2014 25,019.51 14
26000 July 7, 2014 26,100.08 22
27000 Sept. 2, 2014 27,019.39 38
28000 Nov. 12, 2014 28,008.90 44
29000 Jan. 22, 2015 29,006.02 50
30000 Apr. 26, 2017 30,133.35 557

Source: S&P Dow Jones Indices LLC.  Data from April 3, 1979, to April 26, 2017.  Table is provided for illustrative purposes.  Past performance is no guarantee of future results.

Exhibit 2 shows the details of when the S&P BSE SENSEX crossed various 1,000-point levels.

Over decades, the S&P BSE SENSEX is seen as an indicator of the economic growth of the Indian economy and is tracked to see how the Indian equity markets are performing.  More than 30 years after its launch, the S&P BSE SENSEX closed above the 30,000 level on April 26, 2017.

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