6 days ago
Sensex Endures Its Longest Wait for a Fresh Peak
The Sensex is a measure of how important shares are performing.
It reached its highest-ever level on September 26, 2024.
Two years later, it was still about 14% lower than that record.
This is the longest period in a decade without reaching a new high.
Investors have been worried about global events and oil prices.
Foreign investors have also been selling shares.
Some industries, such as technology and real estate, fell sharply.
Metals, government-owned banks and drug companies performed better.
The market sometimes recovered, but those gains did not last.
The BSE Sensex reached an all-time high of 85,836 points on September 26, 2024.
Two years later, the index remains about 14% below that record, its longest wait for a new peak in a decade.
Global uncertainty, foreign portfolio investor selling and muted corporate earnings have pressured the market.
IT, FMCG, realty and oil and gas stocks saw sharp corrections, while metals, PSU banks and pharmaceuticals gained.
Volatility and range-bound trading may continue as uncertainty over crude oil prices weighs on sentiment.
- Who
- The BSE Sensex and investors in the stock market.
- What
- The Sensex has remained about 14% below its September 2024 record for two years.
- Where
- The BSE stock market.
- When
- The record was set on September 26, 2024; the comparison is made two years later.
- Why
- Global uncertainty, foreign portfolio investor selling, muted corporate earnings and uncertainty over crude oil prices have weighed on sentiment.
Key facts
- Record close
- 85,836 points
- Record date
- September 26, 2024
- Current gap
- About 14% below the record two years later
- Longest wait
- Longest wait for a fresh peak in a decade
- Pressure factors
- Global uncertainty, foreign portfolio investor selling and muted corporate earnings growth
- Weaker sectors
- IT, FMCG, realty and oil and gas
- Stronger sectors
- Metals, PSU banks and pharmaceuticals
Sources
Related news
Indian Stocks Log Longest Weekly Losing Run in 25 Years
Indian Stocks Fall as More Shares Enter Lower Valuation Bands
Indian Stocks Extend Losses as Rising Crude Pressures Markets
Indian Stock Markets Extend Losses Amid Global Economic Concerns
Indian Stocks Extend Losing Streak to Eight Weeks
Sensex, Nifty Recovery Fades as Global Concerns Weigh Markets
Sensex Support Seen at 71,000–71,200 as Nifty Eyes Rebound
RBI Policy, TCS Earnings and Oil to Steer Markets
Indian Markets Watch RBI Policy, Earnings and West Asia
Sensex, Nifty Face Key Supports as Global Cues Shift
Indian Stocks Set for Dividends, Splits and Bonuses This Week
