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Q.

What is the full form of SENSEX and NIFTY in stock market.

Tags: money, sensex, stock market
Asked by bhaskar erram, 09 Sep '09 10:45 am
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Answers (2)

 
1.

The SENSEX, short form of the BSE-Sensitive Index, is a "Market Capitalization-Weighted" index of 30 stocks representing a sample of large, well-established and financially sound companies. It is the oldest index in India and has acquired a unique place in the collective consciousness of investors. The index is widely used to measure the performance of the Indian stock markets. SENSEX is considered to be the pulse of the Indian stock markets as it represents the underlying universe of listed stocks at The Stock Exchange, Mumbai. Further, as the oldest index of the Indian Stock market, it provides time series data over a fairly long period of time (since 1978-79).

S&P CNX Nifty
S&P CNX Nifty is a well diversified 50 stock index accounting for 22 sectors of the economy. It is used for a variety of purposes such as benchmarking fund portfolios, index based derivatives and index funds.

S&P CNX Nifty is owned and managed by India Index Services and Products Ltd. (IISL), which is a jo ...more
Answered by HEMANT MEHTA, 09 Sep '09 11:11 am

 
  
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2.

Rterm for stock exchange in mumbai and other buisness centres
Answered by Dinesh C S, 18 Oct '09 07:57 pm

 
  
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