SENSEX: The Symbol of Indian Stock Market
What is SENSEX?
SENSEX (Sensitive Index) is the benchmark stock market index of India. It is calculated based on the performance of 30 of the largest and most liquid companies listed on the Bombay Stock Exchange (BSE).
History of SENSEX
SENSEX was first introduced in 1986 with a base value of 100. Over the years, it has undergone several revisions and changes to reflect the evolving market conditions.
Key Features of SENSEX
- It is a capitalization-weighted index, meaning that companies with larger market capitalizations have a greater impact on the index's value.
- The index is reviewed and revised periodically to ensure that it remains reflective of the Indian stock market.
- SENSEX is widely used as a benchmark for institutional and individual investors, and it is considered an important indicator of the health of the Indian economy.
Conclusion
SENSEX has become synonymous with the Indian stock market and serves as a barometer of the country's economic health. Its steady growth over the years is a testament to the resilience and potential of the Indian economy. As India continues to grow, SENSEX is expected to play an increasingly important role in the global financial landscape.
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