India’s Bombay Stock Exchange Sensex closes at 53,018.94 in June 2022

The Bombay Stock Exchange S&P Sensex closed at an 11-month low of 53,018.94 in June, as a result of aggravating fears of global recession, heightened uncertainty, and steady capital outflows. A strengthening US Dollar has added to the bearish market. The average value of BSE Sensex also declined to 53,478.9, by approximately 957pts over the previous month, as the index moved downwards in the second week of June and experienced an uptick only at the end of the month.

The decline reverberated across all sectors, with the exception of automobiles. Consumer durables continued to experience the largest decline, by 3,300pts, but the pace of decline slowed down as compared to the previous month. At the same time, it remained the second largest by value. This was followed by a 2,500pts decline in the metals segment, dragged by Jindal Steel, Vedanta, and JSW Steel. The banking sector, which now occupies the largest share by value, saw the third-largest drop of 2,400pts in June, to 38,500 pts approximately. The Auto sector was an outlier, as it grew by 300 pts over May, to 26,800 pts in June. 

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Further data and analysis on India’s economy are available on the CEIC India Economy in a Snapshot – Q2 2022 report.