From 39,000 To 41,000: A Look At Sensex's 5,185-Point Journey In 2019
In 2019, the S&P BSE Sensex registered a gain of 5,185.41 points - or 14.38 per cent - in its best annual gain recorded in past two years. The stock markets broke multiple records in year 2019 with the benchmark S&P BSE Sensex index scaling the peaks of 39,000, 40,000 and 41,000 - all for the first time ever. A number of events, starting from a full rebate for individuals with income up to Rs 5 lakh, to first the imposition of higher taxes on foreign investors, and then a corporate tax cut caught the markets by surprise while global cues such as negotiations on the US-China trade front pushed many investors on the back foot during the course of the year, say analysts.
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From 39,000 To 41,000: A Look At Sensex's 5,185-Point Journey In 2019The broader NSE Nifty benchmark clocked a return of 12.02 per cent during the year.
In December alone, it broke a series of records to hit an all-time high of 12,293.90, seven months after crossing the 12,000 mark for the first time ever (May 23, 2019). -
From 39,000 To 41,000: A Look At Sensex's 5,185-Point Journey In 2019Out of the Nifty 50 basket of shares, 22 stocks logged gains in 2019. Bajaj Finance, ICICI Bank and Bharti Airtel emerged the top percentage gainers on the index, up 60.09 per cent, 49.63 per cent and 45.86 per cent respectively. -
From 39,000 To 41,000: A Look At Sensex's 5,185-Point Journey In 2019In 2019, the S&P BSE Midcap and Smallcap indices dropped 3.05 per cent and 6.85 per cent respectively - a second straight year of downward movement for both.
In 2017, the midcap gauge had risen 48.13 per cent and the smallcap index 59.64 per cent. -
From 39,000 To 41,000: A Look At Sensex's 5,185-Point Journey In 2019The year 2019 was also characterised with few wild moves as the Street reacted to Lok Sabha elections, the first full Budget of the NDA government after its return to power and announcements such as a cut in corporate taxes, say analysts.
