BSE SENSEX going below 10,000

Today Indian Stock exchange lost its recovery from earlier the week to below 10,000 and closing at 4-digit marks. I was curious on how this journey was, so I downloaded the data for last 10-years from Yahoo! India finance and plotted the below chart. It was interesting to see:

  • It took nearly 2 years for it to climb from 10,000 (7/Feb/2006) to 20,000 (26/Dec/2007)
  • The downward from 20,000 (15/Jan/2008) to below 10,000 (17/Oct/2008) was over 9 months
  • Ten years before from today SENSEX was at just 2848.11 (16/Oct/1998) which is still 3.5 times from today’s value