The New York Stock Exchange.
What is SENSEX and how it is calculated?
- Sensex is calculated using the “Free-float Market Capitalization” methodology. As per this methodology, the level of index at any point of time reflects the Free-float market value of 30 component stocks relative to a base period. The base period of Sensex is 1978-79 and the base value is 100 index points.
What is SENSEX and how does it work?
- Thus SENSEX is just a derivative index which derives its value based on the movement in the prices of securities listed on exchange. As per Investopedia explanations “SENSEX is the index is calculated based on a free-float capitalization method when weighting the effect of a company on the index.
What is the meaning and difference between SENSEX and nifty?
- Nifty is the main index of the National Stock Exchange (NSE). ...
- Nifty is composed of the top fifty largest and most traded companies out of 1700+companies listed on the National Stock Exchange. ...
- 1995-96 is the base year of Nifty,whereas the base year in the case of Sensex is 1978-79.
What is the difference between BSE and SENSEX?
- ‘BSE’ means Bombay Stock Exchange, and ‘Nifty’ is an index of the NSE or the National Stock Exchange. Bombay Stock Exchange and the National Stock Exchange are the two main stock exchanges in India. While Nifty is the index of NSE, Sensex is the index used in the Bombay Stock Exchange.