THE RISE AND RISE OF THE SENSEX

On september 24, the Bombay Stock Exchange (BSE) Sensex touched 60,000 points, a new high and yet another exhilarating moment for the Indian stock markets, which have been unusually buoyant for the past few months. The rise of the Sensex this year follows big slumps last year—on February 28, 2020, as Covid-19 cases began to rise, the market saw one of its worst single-day crashes, losing 1,448 points to close at 38,297; on March 23, again, it recorded its biggest fall ever—3,935 points—after the Centre announced the national lockdown.

However, by the latter half of 2020, it was climbing again—back at 45,000 in December and past