04:19:44 PM IST, 27 Dec 2024
Sensex surged nearly 5 times when Manmohan Singh was Prime Minister
India's headline index BSE Sensex surged 398% or nearly five times between 2004 and 2014, climbing from 4,961 to 24,693, when then Prime Minister Manmohan Singh was at the helm. The 30 stock index ended positive on 8 out of 10 occasions during his tenure.
The highest Sensex return of 81% came in 2009 followed by 47%, each in 2006 and 2007. In 2004, 2005, 2010, 2012 and 2013, the returns were at 33%, 42%, 17%, 26% and 9%, respectively.
The returns were negative in 2008, when the world order fell apart with the global financial crisis. Another year when Sensex fell was by 27% in 2011.