With Black Monday, 10 highlights of Sensex in 11 years of Modi rule
From around 23,000 in May 2014, when Narendra Modi took over as PM, the Sensex crossed 85,000 in September 2024; Monday's crash shaved off some of the gains
Benchmark indices Sensex and Nifty logged their worst single-day decline in 10 months, as fears that American President Donald Trump's policies on reciprocal tariffs may lead to recession and higher inflation in the US going ahead unnerved investors.
In a bad day for investors, the 30-share BSE benchmark Sensex tanked 2,226.79 points, or 2.95 per cent, to settle at 73,137.90. During the day, the benchmark index slumped 3,939.68 points, or 5.22 per cent, to 71,425.01.
A decade of growth
From around 23,000 in May 2014, when Narendra Modi took over as the Prime Minister, the stock markets have fared well on the back of a stable government and encouraging global cues.
But for a steep decline around the COVID pandemic, the markets have mostly delivered good returns to investors. In September 2024, the Sensex reached a high of over 85,000. While there are fears that Trump's tariffs may lead to a global recession and impact the markets, some market experts argue that the equity markets will recover in good time.
The chart below captures the top 10 highlights of the Sensex's growth in 11 years of Modi regime.