If you’re looking for a stock market index, you might have heard of the SENSEX. SENSEX stands for Stock Exchange Sensitive Index, and it’s a popular free-float market weighted index of thirty well-established companies from various industrial sectors across India. It was created in 1989 by Indian stock market analyst Deepak Mohoni, and has since become one of the most recognized and widely used market indices in the world.
The SENSEX reached the 18,000 level for the first time on the ninth of October 2007, when it gained 788 points. In just 4 trading sessions, it went from 17,000 to 18,280. Its rise over the past 25 years has been unprecedented, and it’s no wonder why investors are looking for ways to capitalize on its performance. With this kind of momentum, SENSEX could be the next great thing in the stock market.
The SENSEX is the most widely followed index on the stock market in India. It reflects the market value of 30 of the best-known companies in the country. It varies depending on how many free-float shares each company has, but it’s a major contributor to the GDP. The dollar-sensitive version of the index, called DOLLEX, has a lower base value. The 30 stocks in DOLLEX are all blue chip companies.
While the SENSEX isn’t a perfect gauge of the performance of stocks, it provides a good overview of the market. With over 6000 companies listed on the Bombay stock exchange, SENSEX helps to provide an overall picture of the market. By analyzing the SENSEX, investors can find out the strength of the market and what stocks are doing best. But the Sensex isn’t for everyone.
SENSEX is an index that tracks the performance of the 30 largest companies on the Bombay Stock Exchange in India. The SENSEX has risen over the past two decades. As the oldest and most prestigious stock market in India, SENSEX represents the most successful companies in a number of industries. Whether you’re an investor, or just someone who enjoys the stock market, SENSEX is a great way to increase your profits.
The SENSEX and NIFTY 50 indexes are the two most popular stock market indices in the country. They track the top 50 companies on the National Stock Exchange, as well as the largest 30 companies on the Bombay Stock Exchange. These two indices also represent the overall health of the stock market in India. A rising Sensex will indicate a positive trend in the economy. A falling index value, on the other hand, indicates a negative trend in the economy.