What are Sensex and Nifty?

No image Nutan Gupta

Last Updated: 25th June 2024 - 11:19 am

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Sensex and Nifty are stock market indices which represent Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) respectively.

 

Watch What is Sensex and Nifty? | Sensex और NIFTY क्या है:

 

What is Sensex

Sensex is an Index which belongs to the BSE Listed stocks which is India’s first listed exchange which was established in 1875. Sensex has the total companies listed which are close to around 6000. The Sensex total market capitalisation of all the companies listed on BSE is ₹ 1,24,69,879 crore. The S&P BSE SENSEX - BSE's popular equity index - is India's most widely tracked stock market benchmark index. It is traded internationally on the EUREX as well as leading exchanges of the BRCS nations (Brazil, Russia, China and South Africa). Sensex consists of 30 top scrips from different sectors which forms this index. SENSEX is calculated on a free-float market capitalization methodology and the performance of these stocks impact the performance of Sensex.

What is Nifty 

Nifty, the index used by the National Stock Exchange (NSE), includes 50 top-performing stocks from various sectors. Established in 1994, Nifty comprises sectors such as IT, consumer goods, financial services, and automobiles. Initially known as CNX Nifty, it was renamed Nifty50 in 2015. NSE launched Nifty 50 Index futures trading on TAIFEX in 2016. Nifty reflects market trends by selecting high-performing stocks, contributing to the total market capitalization of ₹ 12,282,127 crore.

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