The BSE Sensex ended 0.2% lower at 52,908 on Friday, after suffering the worst quarter since March 2020, tracking a fall in oil-related stocks after the government raised export taxes on gasoline, diesel and jet fuel to secure domestic supplies. Reliance Industries, a major oil exporter plunged 7.14%, followed by Power Grid Corporation (-2.53%) and National Thermal Power Corporation (-1.82%). Also, the pharma sector edged lower, led by declines in both Sun Pharmaceuticals (-0.49%) and Doctor Reddy’s Laboratories (-0.38%). In addition, concerns persisted over a possible recession, worsening external balances and relentless foreign capital outflows from the domestic equity market. However, gains in consumer goods and financial stocks limited further losses. On the week, the BSE booked a 0.34% gain.
Historically, the SENSEX Stock Market Index reached an all time high of 62245.43 in October of 2021. SENSEX Stock Market Index - data, forecasts, historical chart - was last updated on July of 2022.
The SENSEX Stock Market Index is expected to trade at 49722.49 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 46890.99 in 12 months time.