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Index
Index
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Current Performance
As of June 28, 2024, the BSE Sensex stands at approximately 79,032.73 points. This represents a significant increase of 7,003 points or 9.69% since the
beginning of the year. The Sensex has demonstrated robust growth, reflecting the overall positive sentiment in the Indian equity markets.
Government Support
The Indian government has played a crucial role in fostering a conducive environment for the BSE. Policies aimed at boosting economic growth,
infrastructure development, and investment have been pivotal. The 2024 budget has introduced several measures to support the stock market, including
tax incentives for investments in certain sectors, increased spending on infrastructure, and initiatives to enhance the ease of doing business.
•Increased capital expenditure on infrastructure projects, which is expected to drive growth in sectors like construction, cement, and steel.
•Tax relief for small and medium enterprises (SMEs), encouraging more businesses to go public and list on the BSE.
•Policies to boost the technology and healthcare sectors, fostering innovation and expansion.
Future Prospects
The future of the BSE looks promising, with expectations of continued growth driven by economic reforms and favorable government policies. Analysts
predict that the Sensex could potentially surpass the 84,000 mark by the end of the fiscal year, provided the current growth trajectory is maintained.
Growing Sectors
Several sectors have shown remarkable growth on the BSE:
•Technology - Continued advancements and government incentives are propelling growth in IT and tech companies.
•Healthcare - Increased focus on healthcare infrastructure and innovation is driving the sector’s performance.
•Infrastructure - Government spending on infrastructure projects is benefiting companies in construction, cement, and related industries.
•Financial Services - Reforms and increased financial inclusion are bolstering the financial sector, with banks and financial institutions performing well.