Mumbai, 2 January: Asia’s oldest stock exchange, BSE (Bombay Stock Exchange), celebrated the 40th anniversary of its main index, the Sensex, on Friday. Over the past four decades, this index has established itself as a key indicator of India’s economic health.
The Sensex was launched on 1 January 1986 as India’s first stock market index. It comprises the top 30 companies from various sectors across the country.
The Sensex accounts for nearly 40 percent of the total market capitalization of the entire stock market and currently serves as a benchmark for India’s economic strength and equity market performance.
On this occasion, BSE Managing Director and CEO Sundararaman Ramamurthy said that the celebration is not just about an index but about the journey of India’s capital markets.
Ramamurthy remarked at an event, “From a closed market to one of the world’s most technology-driven and investor-centric ecosystems, the Sensex has consistently and reliably reflected India’s growth story. As India continues to develop, we at BSE remain committed to meeting the evolving needs of the market and portraying the changing economic landscape.”
SEBI Chairman Tuhin Kanta Pandey stated that over the last four decades, “the Sensex has stood the test of time as a strong market indicator, reflecting India’s economic transformations and the increasing maturity of our capital markets.”
The Sensex is among India’s most widely tracked benchmarks, with over 20 exchange-traded funds (ETFs) and index funds managing assets worth ₹2.5 lakh crore based on it. It also includes one of the world’s most active index option contracts and has been the fastest-growing index derivative contract in the last two years.
Since inception, the Sensex has recorded a compounded annual growth rate (CAGR) of 13.4 percent, closely aligning with India’s nominal GDP growth rate of nearly 13 percent during the same period.
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My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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