Professional Answers on Investments
Insurance, Mutual Funds, Sensex, Nifty, Financial Planning
in sensex there are 30 major compnies which u find by news paper
by the daily work or shares benefit that sensex is note down by that.
it’s note down on per min.
nifty has 100 companies.i think
Let me try to be as clear as possible. ‘Sensex’ is the short form of Sensitive Index. As the name suggests and as Mehul had pointed out it shows the relative performance of Thirty most traded stocks having the highest market value (Market capitalization). It is a sensitive index because it has the most traded stocks-Any change in the value of these stock will result in the raise or fall of the index value.
As far as Nifty is concerned, Mehul got it wrong, it contains 50 stocks, not 100. Also these fifty are broad based with the stocks representing almost all industrial sectors.
Hope I have been clear.
Nifty : An index consisting of 50 large capitalization stocks on the Indian National Stock Exchange.
Sensex : The BSE Sensex or BSE Sensitive Index is a value-weighted index composed of 30 companies with the base April 1979 = 100. It consists of the 30 largest and most actively traded stocks, representative of various sectors, on the Bombay Stock Exchange. The set of companies in the index is essentially fixed. These companies account for around one-fifth of the market capitalization of the BSE.
Nifty and Sensex are leading indicators of Indian economy. These indicies represent the broad categories of Indian economy.
Bombay Stock Exchange is the oldest Stock exchange in Asia and it is popularly known world wide as BSE.
SENSEX, first compiled in 1986 was calculated on a “Market Capitalization-Weighted” methodology of 30 component stocks representing a sample of large, well-established and financially sound companies. The base year of SENSEX is 1978-79.SENSEX is not only scientifically designed but also based on globally accepted construction and review methodology. From September 2003, the SENSEX is calculated on a free-float marke capitalization methodology. The “free-float Market Capitalization-Weighted” methodology is a widely followed index construction methodology on which majority of global equity benchmarks are based.(source http://www.bseindia.com)
The National Stock Exchange (NSE) is India’s leading stock exchange covering various cities and towns across the country. NSE was set up by leading institutions to provide a modern, fully automated screen-based trading system with national reach. The Exchange has brought about unparalleled transparency, speed & efficiency, safety and market integrity. It has set up facilities that serve as a model for the securities industry in terms of systems, practices and procedures. Source http://www.nseindia.com
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