The BSE Sensex closed 90 points lower at 61,660 on Friday, booking losses for the second straight session and closing the week marginally down despite hitting a record-high on Wednesday, as investors continued to assess the extent that major central banks will tighten monetary policy. Sentiment was muted after Fed officials suggested that the central bank’s funds rate could rise up to 7%, pressuring the heavyweight and policy-sensitive tech companies and auto manufacturers traded in Mumbai. Mahindra & Mahindra extended last session’s slump to close 2.5% lower and Bajaj Auto shares dropped nearly 2%. On the other hand, lenders outperformed the broader index as the State Bank of India and Kotak Mahindra Bank both added 0.5%.
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 November of 2022.
The SENSEX Stock Market Index is expected to trade at 59910.29 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 54595.92 in 12 months time.