The Bombay Stock Exchange (BSE) 30 share Index (Sensex) was established in 1980, since then there have been many events when heavy discounts were on offer:
- 2nd August 1990 -Iraq invades Kuwait
- 1992 – The Harshad Mehta Scam
- May 1998 – Pokharan Blast & the developed world decided to ban India & so nobody did business with us
- 15th March 2000 – The internet bubble burst
- 11th September 2001 – the WTC attack
- Jan 2008 – the sub prime crisis
- 15th September 2008 – Lehman bros file for bankruptcy
- 2011 the year of high inflation, depreciation of the rupee, Eurozone issues, high oil & other commodity prices etc
These were the periods when many investors lost money heavily, since they panicked and sold their holdings due to sheer impatience and lack of understanding. The BSE Sensex has delivered 150 times or 17% p.a over its journey from 100 in 1980 to 15000 odd today.
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