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BSE Sensex is referred to as 30 different stocks traded on the famous Mumbai stock Exchange. These stocks are the most important constituent of the market and represent the market. It is also termed as Bombay Stock Exchange Sensitive Index or BSE 30 which is a value weighted index constituting of the 30 most important stocks. These stocks ar the 30 largest and stocks and represent different sectors of the Bombay Stock Exchange or the Mumbai Stock Exchange. It is the mot important part of the financial sector and accounts for around one-fifth of the market capitalization of the Bombay Stock Exchange.
Other then trading, Bombay Stock Exchange (BSE) also has the authority to review and modify the composition of those 30 stocks to ensure that it is reflective of the current market conditions. Through time BSE had its own share of ups and downs. In fact, it has been rising continually since 1990s. The most important period was in July 25, 1990 when the Sensex crossed the four-digit figure for the first time and closed at 1,001 as the result of excellent corporate results. Another major turn was on January 15, 1992 which saw the Sensex crossing the 2,000 mark and closed at 2,020. It was mainly because of the liberal economic policies by the government. February 29, 1992 witnessed another major landmark as the Sensex whizzed past the 3000 mark because of a friendly budget.
March 30, 1992 saw another turn of event as the Sensex crossed the 4,000-mark and ended at 4,091 as it was expecting a liberal export-import policy. Moreover, on October 8, 1999, it crossed the 5,000-mark. BSE index hit an all high of 6006 on February 11, 2000. Amazingly, it crossed 7,000 points on June 21, 2005 mainly because of the settlement between the Ambani brothers. Then, on September 8, 2005 it crossed 8000 points. December 09, 2005 saw the Sensex crossing 9000 points that closed on 9000.32 point. After that, on February 7, 2006, sensex amazingly crossed 10,003 points and then closed above the 10,000 mark. On April 20, 2006, it crossed 12,000 points and touched the high of 12,004 points for the first time.
And the most important date was October 29, 2007 on which the Sensex crossed the 20, 000 mark and achieved a mjajor growth of 734.5 point. Another major fact that you should know are the 30 stocks which are being traded on the Stock Excahnge. These 30 stocks represent the market on a whole ACC, Ambuja Cements Ltd, Bharti Airtel, Cipla, BHEL, Dr. Reddy's Laboratories, Bajaj Auto, HDFC Bank, Grasim Industries, Hindustan Lever Limited, Grasim Industries, HDFC, Hindalco Industries, Infosys, Reliance Communications, State Bank of India, Tata Motors and others among the thirty. These are the most important stocks in the Indian economy and fairly represent the market. BSE is just like NSE or the New Stock Exchange and indicates the trends of the economy.
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