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What is SENSEX?
The SENSEX (S&P BSE SENSEX) is a free-float market-weighted stock market index of 30 stocks from the Bombay Stock Exchange (BSE). It is a price-weighted index. The base value of the index was taken as 100 on January 1, 1978. The index is calculated using the base value of 100. The index is calculated on a total market capitalization basis. SENSEX Full Form
The SENSEX was first calculated on June 30, 1986, with a base value of 100. The index reached the 10,000 mark for the first time on November 5, 2007. The index reached the 20,000 mark for the first time on December 11, 2013. The index reached the 30,000 mark for the first time on July 25, 2017.
Origin of SENSEX
The SENSEX is a stock market index of 30 major Indian companies. It is compiled and published every day by the Bombay Stock Exchange (BSE) and is regarded as the benchmark index of the Indian stock market.
Why is it Called SENSEX
The SENSEX is called SENSEX because it is an acronym for the Bombay Stock Exchange Sensitive Index.
NSE Vs. BSE ??
There is no single answer to this question as both the exchanges are quite different in their functioning. The National Stock Exchange (NSE) is computer-based, while the Bombay Stock Exchange (BSE) is an exchange where trading is done through an open outcry system. Further, the BSE is older than the NSE and has many listed companies.
What is a Better NSE or BSE?
There is no definitive answer to this question as it depends on individual preferences and priorities. Some people may prefer the more established and well-known BSE, while others prefer cutting-edge and innovative NSE. Ultimately, it is up to the individual investor to decide which exchange is better for them.
How Does SENSEX Work?
The SENSEX is a stock market index that measures the performance of 30 large companies listed on the Bombay Stock Exchange (BSE). The index is calculated using a base value of 100 as of 1984.
How is SENSEX Calculated?
The SENSEX is a weighted stock market index calculated based on the market capitalization of the constituent stocks. Market capitalization is calculated by multiplying the stock price by the number of shares outstanding. The SENSEX is updated every 15 seconds during trading hours.
How to Buy SENSEX Shares?
The easiest way to buy SENSEX shares is to use an online broker. You need to open an account and deposit money. Once the account is funded, you can buy and sell shares.
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What is a Demat Account?
A Demat account is a securities account that allows investors to hold and trade securities in electronic form. Securities held in a Demat account are held in electronic form and can be transferred or sold with relative ease.
Benefits of SENSEX:
The benefits of the SENSEX are many. Some of the most important benefits are:
- It provides a broad measure of the overall performance of the Indian stock market.
- It is a very efficient barometer of investor sentiment in the market.
- It is a quick and easy way to track the movement of stock prices.
- It is a good tool for gauging the overall health of the economy.
- It is used by many investors, analysts, and other market participants to make investment decisions.
