The BSE SENSEX gained 309 points or 0.6% to 50,748 in early trade on Tuesday after US House Speaker Nancy Pelosi said that the House will take up by Wednesday the Senate version of the sweeping COVID-19 relief plan. Remarks from US Treasury Secretary Janet Yellen that the bill would allow the country to get back to full employment by 2021 and that the government has tools to address inflation if it becomes a problem also encouraged traders to buy stocks. In local news, India said Monday that the country's fiscal measure has resulted in a positive growth of 0.4% in Q3 of the current FY. On the pandemic front, India's total caseloads stood at 11.24 million after reporting 15,353 new cases in the last 24 hours. On the corporate side, the government has asked Reliance Jio, Bharti Airtel, and Vodafone to make stipulated payments from the spectrum they bought in the just-concluded auctions. Gainers were mainly seen for basic materials, financials, and consumer staples.
Historically, the India SENSEX Stock Market Index reached an all time high of 52516.76 in February of 2021. India SENSEX Stock Market Index - data, forecasts, historical chart - was last updated on March of 2021.
The India SENSEX Stock Market Index is expected to trade at 49652.20 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 46276.99 in 12 months time.