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In 1956, the BSE obtained permanent recognition from the Government of India -- the first stock exchange to do so -- under the Securities Contracts (Regulation) Act, 1956.
The Sensex, first compiled in 1986, is a 'Market Capitalisation-Weighted' Index of 30 component stocks representing a sample of large and financially sound companies. The BSE-Sensex is the benchmark index of the Indian capital markets.
The BSE Sensex comprises these 30 stocks: ACC, Bajaj, Bharti, BHEL, Cipla, Dr Reddy's, GACL, Grasim [Get Quote], HDFC [Get Quote], HDFC Bank, Hero Honda, Hindalco [Get Quote], HLL [Get Quote], ICICI Bank [Get Quote], Infosys [Get Quote], ITC, L&T, Maruti [Get Quote], NTPC, ONGC [Get Quote], Ranbaxy [Get Quote], Reliance, Reliance Energy [Get Quote], Satyam [Get Quote], SBI [Get Quote], Tata Motors [Get Quote], Tata Power [Get Quote], TCS [Get Quote], Tisco [Get Quote] and Wipro [Get Quote].
The Sensex on Monday scaled a new high as it breached the historic 9,000 mark* during mid-session.
Here's a timeline on the rise and rise of the Sensex through Indian stock market history.
The 1000-mark
On July 25 1990, the Sensex touched the magical four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results.
The 2000-mark
On January 15, 1992, the Sensex crossed the 2,000-mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken by the then finance minister and current Prime Minister Dr Manmohan Singh.
The 3000-mark
On February 29, 1992, the Sensex surged past the 3000 mark in the wake of the market-friendly Budget announced by the then Finance Minister, Dr Manmohan Singh.
The 4000-mark
On March 30, 1992, the Sensex crossed the 4,000-mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling.
The 5000-mark
On October 8, 1999, the Sensex crossed the 5,000-mark as the BJP-led coalition won the majority in the 13th Lok Sabha election.
The 6000-mark
On February 11, 2000, the infotech boom helped the Sensex to cross the 6,000-mark and hit and all time high of 6,006.
The 7000-mark
On June 20, 2005, the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL [Get Quote], Reliance Energy, Reliance Capital [Get Quote] and IPCL [Get Quote] made huge gains. This helped the Sensex crossed 7,000 points for the first time.
The 8000-mark
On 8th September 2005, the Bombay Stock Exchange's benchmark 30-share index -- the Sensex -- crossed the 8000 level following brisk buying by foreign and domestic funds in early trading.
The 9000-mark*
The Sensex on Monday crossed the magical figure of 9000 and touched a life-time peak of 9000.32 points during mid-session at the Bombay Stock Exchange on the back of frantic buying spree by foreign institutional investors and well supported by local operators as well as retail investors.
* During mid-session trading.
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