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Below The key highlights on Sensex at 67000: 1000 Points Closing Milestones of Sensex from Sriram BKR, Senior Investment Strategist at Geojit Financial Services.

A Glance on the Journey and few insights:

• Sensex (PRI) blustered the rally path to cross and close above 67000 points for the first time on 19-Jul-23, with unfettered FPI flows into Indian Equities.

• While the rally between 63000 to 64000 milestone took about 144 sessions or 7.1 months, the latest 3000 points to 67000 occurred in 13 sessions.

• The latest 7000-point surge from 60k took place in 450 sessions or 22.1 months.

• It took 31.3 years for the Index to climb the 30,000 points milestone, in Apr'17. The next 30000 points got added over the next 4.4 years (a rise of 100%).

• Jul 23 seems to be more special for Sensex and BSE.

• Sensex Total Returns Index, that includes Dividends as well, crossed 100000 points for the first time, to close at 100250 points on 6-Jul-23.

• BSE's Total Market Capitalization crossed the prominent 300 Trillion mark by day end closing levels, and reached

• Rs.301.70 Lakh Crs on 6-Jul-23, with more new issues and listings in the recent months.

• BSE's Total M-Cap jumped by over Rs.6 lakh crs in 3 sessions, during the same time when Sensex moved from 66000 to 67000 points.

• Sensex Total Return Index, stood 1.54 times the price index, which was 1.06 times in 1999 and 1.41 times when Sensex crossed 30000. %

• Sensex Average EPS computed by the trailing 12M PE as of Jun 23, stood at around Rs.2706, a 10% growth YoY, 29 CAGR over 2 yrs and 20% CAGR in 3 yrs.

• India was generally looked upon as a Bright spot (refer IMF reports and coverages) among the major world economies bringing record foreign flows to equities, that helped markets scale higher.

• Sensex CAGR as measured by Price Return Index for the past 20 years stood at 15.5% & by Total Return Index it was 17.2%, as of Jun 23.

• In terms of investment's growth, Rs.100000 invested in June-2003 would be worth around Rs.24 lakhs as of 30-Jun-23 in TRI terms (& around Rs.18 lakhs as per PRI). Corporate Earnings of Indian companies for Q1 FY24, started getting reported by Indian companies. Going forward, 
• Market valuations would be decided based on the outcome of earnings growth and the growth visibility across sectors.

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