SENSEX Index crossed the mark of 39000 for the first time in history! What might have contributed to the rise?
Tue, Apr 2, 2019 2:42 PM on External Media, Latest, Stock Market,
Equity index are observing a remarkable profit after BSE Sensex crossed an intra-day mark of 39000 for the first time in history. On Monday, SENSEX touched all time high of 39116. At the end of the day, index settled at 38,837.
In the last fiscal year, BSE Sensex had jumped 17.30% equivalent to 5,704 point and Nifty gained 14.93%.
The rise of Sensex this year has been believed to be the best since last four years. The major reasons for this rise has been attributed to optimist of interest rate cuts from RBI, flow of foreign funds, recovery in rupees and gold rates and better auto sales. In fiscal year 2016, the index had witnessed a 9.4 percent loss ater a gain of 25% in fiscal year 2015.
