The BSE Sensex ended 427.44 points or 0.72% lower to close at 59,037.18 on Friday, its weakest value since the beginning of 2022 amid continued selling pressure from foreign institutional investors due to persistent inflationary worries and mixed earnings results. Banks and technology were the main draggers. 22 out of 30 stocks ended in red. Among the individual stocks, Asian Paints slumped 1% as its Q3 net profit declined 18% year-on-year (YoY), missing estimates whereas consumer-giant Hindustan Unilever jumped 2.68% and Housing Development Finance Corporation surged 1.02% amid their strong December quarter earnings. Bajaj Financial Service (-5.37%), Tech Mahindra (-4.44%), Tata Steel (-3.18 %), Bharti Airtel (-2.83%), IndusInd Bank (-2.77%) and Larsen and Toubro (-2.38%) were the top SENSEX losers. On the week, the BSE booked an almost 3.6% loss.
Historically, the India SENSEX Stock Market Index reached an all time high of 62245.43 in October of 2021. India SENSEX Stock Market Index - data, forecasts, historical chart - was last updated on January of 2022.
The India SENSEX Stock Market Index is expected to trade at 57484.50 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 53068.52 in 12 months time.