The BSE Sensex closed 0.9% higher at 52,730 on Friday, adding 2.7% on the week with gains across the auto, energy, and banking sectors as lower commodity prices slightly eased inflation fears, while investors continued to assess growth projections amid tightening from major central banks. After surging in the last session, auto stocks continued to lead the gains amid projections of higher vehicles demand with Mahindra & Mahindra and Hero Moto gaining 4.3% and 2.8%, respectively. At the same time, Indusind Bank, Bajaj Finance, and ICICI Bank all added more than 2% to lead the financial sector. On the macroeconomic front, the minutes from the RBI indicated the central bank considers hiking its benchmark rate in its next two meetings before holding it constant to end 2022.
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 June of 2022.
The SENSEX Stock Market Index is expected to trade at 49891.51 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 45731.32 in 12 months time.