The popular index continues to defy doomsayers and is on track to hit the 100,000 mark.
The BSE Sensex is on fire. Last Friday, the 30-stock index jumped 1,181 points to close at 61,795 points. It was a record high that came after 13 months. Then, on Tuesday, the index scaled a new peak—61,873—as buoyant bank, auto and energy stocks weighed in. On Wednesday, the Sensex crossed the 62,000 mark for the first time ever.
This is very different to the scenario just five months ago, when the Sensex was in free fall. It hit 51,360 on 17 June, a 16% drop from its peak in January as the tech stock contagion in the US …
Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.
Executive Editor
surendar@mailtmc.com
Mumbai