Historical comparison of Sensex, Nifty and the S&P500
Yahoo provides data from 1997 for Sensex, from 2002 for Nifty and for 60 years or so for the S&P500
A simple averaging of historical closing day values of all 3 gives the following data:
Some simple inferences from the above could be:
1. The ratio of Sensex/Nifty has changed little historically. Sensex is probably a little more optimistic and Nifty fluctuates about 15% less.
2. Sensex has gone from 2.7 times S&P500 to it's current almost 11 times.
3. Nifty has risen similarly, maybe about 1% less.
On a related note: If you plot the S&P data for the last 60 years out, you can see that it definitely grows disproportionately since 1995
A simple averaging of historical closing day values of all 3 gives the following data:
| YearOfAvging | Sensex/Snp | Nifty/Snp | Sensex/Nifty |
| 2009 | 10.58 | 3.44 | 3.12 |
| 2008 | 11.50 | 3.64 | 3.23 |
| 2007 | 10.31 | 2.86 | 3.28 |
| 2006 | 8.22 | 2.35 | 3.15 |
| 2005 | 5.77 | 1.76 | 2.96 |
| 2004 | 4.69 | 1.49 | 2.90 |
| 2003 | 3.60 | 1.23 | 2.66 |
| 2002 | 3.42 | 1.12 | 2.91 |
| 2001 | 2.87 | ||
| 2000 | 3.15 | ||
| 1999 | 2.90 | ||
| 1998 | 2.73 | ||
| 1997 | 3.52 | ||
| StdDev | 3.18 | 0.93 | 0.19 |
| Avg | 5.64 | 2.24 | 3.03 |
| StdDev/Avg | 0.56 | 0.41 | 0.06 |
Some simple inferences from the above could be:
1. The ratio of Sensex/Nifty has changed little historically. Sensex is probably a little more optimistic and Nifty fluctuates about 15% less.
2. Sensex has gone from 2.7 times S&P500 to it's current almost 11 times.
3. Nifty has risen similarly, maybe about 1% less.
On a related note: If you plot the S&P data for the last 60 years out, you can see that it definitely grows disproportionately since 1995
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