ASPECTS OF STOCK MARKET VOLATILITY IN INDIA
- Credit Rating Agency in India
- Economy Overview
- ASPECTS OF STOCK MARKET VOLATILITY IN INDIA
Historically, the 30-share Sensex, which breached the 25,000 mark in May 2014 and the 50,000 mark on January 21, 2021, smashed the psychological 75,000 barrier, zooming to 75,124 (intra-day lifetime high levels) on April 9, 2024. The BSE Sensex Stock Market Index reached an all-time high of 85,978.25 on September 26, 2024). Subsequently, the market fell to 78,233 on November 1, 2024 and further to 77,152.55 on November 21, 2024. The NSE level recorded a similar fall. The fall occurred because of weak global overtones, a rise in the dollar index to a five-month high, the rupee sinking to an all-time low of 84.40, soaring domestic inflation hitting a 14-month peak above 6%, disappointing corporate earnings, and continued foreign investor sell-offs.