How the sensex swung from 30,000 in 2015 back to same level in 2017

For the first time since 4 March 2015, when the Sensex hit a high of 30,025, it has again peaked to the same level.

We take a closer look at the changes that took place during these two years.

The rise, fall and rise of the Sensex

* The first fall in February 2016 after the March 2015 rise was mostly triggered by the fear of rate hike by the US Fed.

* In September 2016, the commodity markets started rallying because of the strong recovery expected from the US.

* The bottom in November 2016 came because the market got nervous due to demonetisation and Donald Trump's election.




Figures in Rs are share prices. Figures in % are price changes during this period.


Data sources: Accord Fintech, RBI. Compiled by ETIG Database
Sector Leaders: Consumers led the rally

Figures are index values. Figures in % are changes in index values during this period.

Sector Laggards: IT, healthcare suffered most

Data sources: Accord Fintech, RBI. Compiled by ETIG Database

I. Worth of Rs 1 lakh invested in various asset classes during this period...

Sensex : Rs 1.03 lakh
CAGR % 1.50%

Avg large-cap mutual fund : Rs 1.11 lakh
CAGR %: 5.57%

Gold ETF : Rs 1.07 lakh
CAGR %: 3.50%

Fixed deposit : Rs 1.18 lakh
CAGR %: 8.50%

Real estate : Rs 1.13 lakh
CAGR %: 6.42%

Investment period is from 4 March 2015 to 26 April 2017

Good time to invest as the markets will remain buoyant for 3-5 years, say experts


Hemant Kanawala head, equity, Kotak Mahindra Old Mutual Life Insurance
“Looking at the growth potential of the Indian economy, one can continue to invest in equities with a 3-5 year view.”


Pankaj Pandey head, research, ICICI Direct
“Structural shift towards digitisation of economy and focus on channelising financial savings will keep the market buoyant for 3-5 years.”


S Naren ED & CIO, ICICI Prudential AMC
“The combination of the three valuation metrics suggests that investors should invest in dynamic asset allocation funds.”


Vikas Khemani president & CEO,Edelweiss Securities
“It is just the tip of the iceberg. As the India story unfolds, let's sit back and enjoy the rally ahead, as this time it's different..”

II. Domestic and foreign investors were drawn to the market

1. This is the rise in the AUM of equity mutual funds: 55.36%

Total AUM of equity funds :
Rs 2.3 lakh crore (4 Mar '15)
Rs 3.7lakh crore (26 Apr '15)

2. This was the amount that flowed into the domestic market from foreign institutional investors.

Net FII inflow in equities : Rs 57,613 crore

3. Total number of demat accounts opened in the two-year period.
233 lakh (Mar 2015)
272.5 lakh (Apr 2017

New demat accounts : 39.5 lakh