What is sensex? How it is calculated?

Answer Posted / fasihuddin

The Sensex is an "index". What is an index? An index is
basically an indicator. It gives you a general idea about
whether most of the stocks have gone up or most of the
stocks have gone down.

The Sensex is an indicator of all the major companies of
the BSE.

The Nifty is an indicator of all the major companies of the
NSE.

If the Sensex goes up, it means that the prices of the
stocks of most of the major companies on the BSE have gone
up. If the Sensex goes down, this tells you that the stock
price of most of the major stocks on the BSE have gone
down.

Just like the Sensex represents the top stocks of the BSE,
the Nifty represents the top stocks of the NSE.

Just in case you are confused, the BSE, is the Bombay Stock
Exchange and the NSE is the National Stock Exchange. The
BSE is situated at Bombay and the NSE is situated at Delhi.

Is This Answer Correct ?    13 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What recent steps has PM Narendra Modi Government taken for betterment of Indian Economy?

587


any one can explain the Dealer Management in the automobolie company?

1738


What are functions of Banks and how does banking affect the economy of the country?

634


What in external debt economy?

650


Who endorses Bank of Baroda Brand?

622






What is 'digital signatures' (ds)?

610


What are the different types of markets that can co-exist?

632


What is IFSC Code and why is it used?

667


Do All Debts Get Discharged?

632


How will banks help in improving the economy?

618


Describe the pros and cons of globalization?

1939


What is the dividend?

586


what is the shortcuts for Voucher Creation and Alteration Screen in Tally ERP 9?

602


What are different types of Accounts? State their features?

592


What are the key features of Union Budget 2017?

626