As Sensex turns 40, CEO Ashishkumar Chauhan says it remains to be the barometer of India’s stock markets

Sensex celebrated its 40th birthday in style by touching an all-time high of 39115.57. On Tuesday, Sensex was trading at 39,032.44 up by 160.57 points or 0.41% at around 1231 hours. The index has already touched an intraday high of 39,058.80. BSE CEO & MD, Ashishkumar Chauhan believes that completing 40 years is a matter of pride for BSE and Sensex. "It is a matter of pride for BSE that Sensex has completed 40 years. It was the first real time index of India and caught imagination of investing public. Till date, it remains the barometer of India’s stock markets in public imagination," he said.

Gainers list on Sensex was led by Tata Motors which was trading at Rs 196.65 up by 5.08%. The automaker was joined by Bharti Airtel at Rs 353.50 per piece above 3.79%, IndusInd Bank at Rs 1,772 per piece up 1.69%, Power Grid at Rs 198.60 per piece up 1.53%, TCS at Rs 2,058.90 per piece higher by 1.36% and SBI at Rs 326.55 per piece up 1.19%. 

On Monday, Sensex touched a new high of 39115.57-level. With this, Sensex has surged by nearly 18% in 1 year. On the same day last year, the Sensex was near 33,255-levels. 

"Over the last 40 years, it has given CAGR of over 17% which is the highest returns of any asset class in India. It is a true reflection of growth of India over all these years. If you look at the chart of Sensex since beginning, you will be able to see that when India smiles Sensex smiles and when India cries, Sensex cries too," Chauhan said.

"It is the witness and representation of India’s victories and India’s struggles. India’s hopes and India’s worries. It is a measurement that shows India in its myriad true colors, every micro second. It is the symbol of India’s aspirations and will continue to guide the future generations as it has done in the past," he added.

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Currently, the market cap of BSE listed companies are Rs 1,52,68,771.06 crore. It has some 4,13,57,794 registered investors. 

Going forward, Chauhan says, "It has incorporated new industries like IT and Pharma and Banking over these 40 years and shedded industries which didn’t do well. It is a picture of changing India and will continue to remain for time to come.”

Sensex is seen to make many investors rich this month. Mustafa Nadeem, MD & CEO of Epic Research says, "We believe there may be some minor profit booking in the short term as the hurdle placed at 39K and 11750 levels. Dalal Street is also looking forward to RBI meet in this week and expects a rate cut. This has further pushed bullish sentiment and now almost any dip is being utilized for buying at lower levels.  We remain to buy on dips with a target of 39500+ levels in Sensex."