What is Sensex?
The Full-Form of Sensex is the Sensitive Index. The stock market is one of the most popular investment avenues in India. S&P BSE Sensex index, which is the benchmark index of the Bombay Stock Exchange (BSE) in India. Many people park their savings in the Indian stock market in the hope of generating manifold returns and create wealth for them. Sensex is mainly representing the top 30 stocks that are listed on the Bombay Stock Exchange. These stocks are selected based on its providing an accurate gauge of India’s economy.
The Sensitive Index is the benchmark record of the Indian Capital Markets with wide acknowledgment among individual Investors, foreign investors, and fund chiefs. The destinations of Sensex are the following:
To measure market movements
Benchmark for funds performance
For index-based derivative products
Sensex Index Chart
Base Year 1978-79
Base Index Value 100
Date of Launch 01-01-1986
Method of calculation Launched on full market capitalization
Number of Scrips 30
Index calculation frequency 15 seconds
Let us look at some numbers.
The number of stocks in the Sensex – 30
As of March 15, 2017, the Full Market capitalization of Sensex is 4,986,299 crores and the free-float market capitalization is Rs. 2,687,777 crores.
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