*Journey of a Man and Indian Stock market (BSE Sensex Index)*
My dad took decision to get married in 1982. Sensex = 1731983 – I was born and also Indian cricket team won the world cup. Sensex = 212.
1984- Indira Gandhi shot dead & Bhopal Gas tragedy took place. Sensex = 245. 1989 – hung parliament with Congress outside support. Sensex = 714.
1991 – Rajiv Gandhi assassination. Sensex = 1168 1992 – Indian economy opening up. Dream budget by MMS.Harshad Mehta Scam. Sensex = 4285.1993 – Bombing in mumbai. Also at BSE building. Riots all over.Sensex = 2281.
1996 – Indian stock mkt goes digital with NSE’s new trading platform. Sensex = 3367.1999 – NDA comes to power with Atal Bihari Vajpayee as PM.Sensex = 3740.
2000 – Technology boom. Sensex = 5001.2001 – Gujarat earthquake. Sensex = 3640.2003 – Big bull run in Dalal Street. Sensex = 3049.
2004 – UPA coming to power with Left party support. Sensex = 5591.2006 – Sensex conquering 10000.2007 – Sensex conquering 20000.2008 – Sensex falling after touching high of 21200. Crude oil rising upto $ 147.2009 – Sub-prime crisis in USA bring financial instability world wide.Sensex = 9568. 2010 – Satyam scam, Common wealth scam, Telecom scam. Sensex = 17590.
2013 – Young RaghuRam Rajan appointed RBI governer. Sensex = 18835.2014 – BJP alone conquring 283 seats in Loksabha and NDA coming to power with 330 seats. Sensex = 25000.2015 – Sensex = 30000.2018 – Sensex = 38000- – — – – – – – – – – – –
Looking at the time that went by between 1981-2018 it is clear that in all adversity & prosperity I & Sensex grew. But during this period I grew 37 times & at the same time Sensex grew 219 times.
Surely I and Sensex both faced tough times but they did not last long.
*Moral :- Be a systematic & disciplined investor. Do not rush into things. As time passes you and your investmemts will mature. Nobody can stop that.*