The BSE Sensex index gained 1.9% over the week to close at a new record high of 46,961 Friday, booking a seventh straight weekly gain, its longest winning streak since April 2019. Market sentiment has been supported by record inflows from foreign institutional investors, the roll-out of COVID-19 vaccines, signs of a quicker economic recovery and optimism over a US stimulus package. The blue-chip NSE Nifty 50 index ended up at 13,761, posting a 1.8% weekly gain.
Historically, the India SENSEX Stock Market Index reached an all time high of 47026.02 in December of 2020. India SENSEX Stock Market Index - data, forecasts, historical chart - was last updated on December of 2020.
The India SENSEX Stock Market Index is expected to trade at 45699.08 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 42592.59 in 12 months time.