The BSE Sensex index closed near the flat line at 38,041 on Friday as investors remained cautious amid rising tensions between the US and China after President Donald Trump signed executive orders to ban transactions with Chinese apps Tencent's WeChat and ByteDance's Tiktok, citing threats to national security. Infosys, HDFC and Tata Consultancy Services led the losses. For the week, the Sensex gained 1.2% after the Reserve Bank of India unexpectedly held the benchmark interest rate at 4% to combat rising inflation, but suggested it is ready to provide more stimulus if needed.
Historically, the India SENSEX Stock Market Index reached an all time high of 42273.87 in January of 2020. India SENSEX Stock Market Index - data, forecasts, historical chart - was last updated on August of 2020.
The India SENSEX Stock Market Index is expected to trade at 37124.13 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 34600.54 in 12 months time.