Chart: A history of the Sensex and its reaction to key events since 1993

The Sensex has been in the news for most of the past three days, climbing nearly 8 percent on hopes that the next government will be one led by the Bharatiya Janta Party and its allies.

The gains have been mainly buoyed by foreign investors, who have poured in more than $5 billion this year.

Here’s a chart that tracks the benchmark indices movements from the 1990s, when the markets opened up for foreign investment and the economy underwent a massive round of liberalisation.

The chart is by Morgan Stanley and is taken from their recent report titled “The Next India”.

[caption id=“attachment_84717” align=“alignleft” width=“600”] Source: Morgan Stanley[/caption]