Home Top Stories BSE CEO Ashish Kumar Chauhan

BSE CEO Ashish Kumar Chauhan

'60,000 Isn't The End, It's Just The Beginning Of Sensex Story': BSE CEO Ashish Kumar Chauhan

BSE CEO Ashish Chauhan said Sensex reaching 60k is an indicator of India’s growth potential.

New Delhi: Equity benchmark Sensex crossed the psychological 60,000-mark on Friday for the first time ever. The 30-share BSE index climbed the last 10,000 points at a record pace. It took just eight months for the Sensex to jump from 50,000 to 60,000-mark. It touched 50k-mark in January this year and hit 60k in September.

In an exclusive chat with NDTV, BSE Chief Executive Officer (CEO) Ashish Kumar Chauhan said that, “In May 2019, I had said that we should be able to reach 60,000 in the next five years. But, it happened in just two-and-a-half years instead of five. India’s Sensex story is here to stay. 60,000 is not the end, it’s just the beginning of the Sensex story.

When asked if India’s stock market is in a bubble, Mr Chauhan said, “It has been described as a bubble for the last 42 years. But, it’s very much real. Sensex is a real time number and not a past number — like GDP (Gross Domestic Product) number — nor a future prediction.”

The BSE Chief was also asked if the stock market investments are safe? To which, he replied, “For the last 8-10 years, stock market investments are safe but before that it was not the case. But now, market investments are profitable and safe.

On new investors, he said, “New age brokers have started opening accounts very aggressively. We are getting more than one lakh investors coming into the Indian stock market for the last several months, especially during COVID and that’s telling you the kind of pressure coming through the hinterland.”

“With eight crore investors, we are almost competing with the number of farmers. I think slowly Indian investors are becoming key political constituency too,” he added.

Adding a piece of advice for the investors, he stated, “Try to be cautious. Invest on your caution rather than your hope. When markets go up further, you (investors) need to be more cautious.”

“Sensex reaching 60,000 today is an indicator of India’s growth potential, as well as the way India is emerging as a world leader during COVID period in addition to worldwide monetary expansion and relaxed fiscal policies adopted by world powers,” Mr Chauhan said earlier in the day.

“The increase in stock prices has been broad based in recent period. I take this opportunity to congratulate all Indians citizens and investors for this achievement,” he added 

Sensex was at 1,000 points in 1990 and took nearly 25 years before it touched the 30k-level in 2015. The index has climbed from the 30k-mark to 60,000 in a little over six years.

Source link


Amarinder Singh News: Personal, No Need For Speculation

<!-- -->New Delhi: Amarinder Singh's Delhi visit is "personal" and there is "no need for speculation", the former Punjab Chief Minister's media advisor...

David Warner Says Won’t Be At Stadium “Again” Amid Speculation Of SRH Stint Ending

Sunrisers Hyderabad's big-hitting opener David Warner, who has been dropped from the playing XI because of poor form, has said that he won't...


Please enter your comment!
Please enter your name here

Most Popular

Sara Ali Khan’s fusion yellow sharara will brighten up your Diwali party look, it costs ₹69k | Fashion Trends

By Krishna Priya Pallavi, Delhi Bollywood actor Sara Ali Khan rarely disappoints when it comes to her ethnic collection. Moreover, the star's love affair...

Dune Release Date, Review, Cast, Trailer, Box Office, Dune 2, and More

Dune, the American epic science-fiction film, is all set to be released in India and on HBO Max this week. The star-studded movie...

Facebook Plans To Change Its Name: Report

<!-- -->The rebrand will likely position Facebook's app as one of many products under a parent company.Social media giant Facebook Inc is planning...

Aryan Khan Bail Plea In Drugs On Cruise Case: Court To Pronounce Order

<!-- -->Aryan Khan's lawyers claim that the NCB had found no drugs on their clientNew Delhi: A special Mumbai court will today pronounce...

Recent Comments