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What are points in Sensex and Nifty?
Sensex and Nifty are broad market indices and benchmarks of the equity market. They represent the entire stock market, and hence any change in these two indices affects the entire market. The only difference between the two is that Sensex comprises 30 stocks while Nifty has 50.
What do Sensex points mean?
Sensex, which stands for ‘Stock Exchange Sensitive Index’, is the stock market index for the Bombay Stock Exchange. It calculates the movement on BSE. Nifty stands for ‘National Stock Exchange Fifty’ and is the index for the National Stock Exchange.
What is meant by Nifty points?
www.nseindia.com. The NIFTY 50 is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange. It is one of the two main stock indices used in India, the other being the BSE SENSEX.
What is point in share market in India?
Point value. A multiplication factor used to convert a reported price-per-unit of a commodity to the contract price. The definition of point value can vary from trader-to-trader. The purpose of the point value is to determine the price of a complete contract or to determine profit or loss.
What is the highest level of Sensex?
The BSE benchmark index, the Sensex, surged to a high of 57,952, and ended 477 points higher at 57,897.
How is Sensex calculated with example?
Formula to calculate Sensex Value of Sensex = (Total free float market capitalization/ Base market capitalization) * Base period index value. The base period (year) for Sensex calculation is 1978-79. The base value index is 100. Using the above formula, one can calculate the value of BSE Sensex.
What happens when SENSEX/Nifty increase or decrease?
If Nifty goes up, this means that the stock price of most of the major stocks on NSE has gone up. On the other hand, if nifty goes down, this tells you that the stock price of most of the major stocks on NSE has gone down. When Sensex/Nifty increases, it shows the economic growth of the country.
What is the meaning of the SENSEX?
It is an indicator of market movement. If the Sensex goes down, this tells you that the stock price of most of the major stocks on the BSE has gone down. If Sensex goes up, it means that most of the major stocks in BSE went up during the given period. For example, suppose the Sensex is 49,130 today.
What is the base year of SENSEX?
The base year of Sensex is 1978-79 and the base value is 100. It is an indicator of market movement. If the Sensex goes down, this tells you that the stock price of most of the major stocks on the BSE has gone down. If Sensex goes up, it means that most of the major stocks in BSE went up during the given period.
Which are the top 30 companies in SENSEX?
— List of 30 Companies Consisting of Sensex Name Industry Weight 1. Reliance Industries Ltd. Integrated Oil & Gas 11.99\% 2. HDFC Bank Ltd. Banks 11.84\% 3. Infosys Ltd. IT Consulting & Software 9.06\% 4. Housing Development Finance Corporation Housing Finance 8.30\%