What is Sensex?
Stock Exchange Sensitivity Index is a value-weighted index composed of 30 stocks that started January 1, 1986.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).The Sensex is an indicator of all the major companies of the BSE.
The SENSEX was initial shaped on 1-1-1986 and used the capitalization of the thirty most listed stocks of Sensex. it's biggest and oldest index. the bottom was 1979 and brought as one hundred. The thirty scrips of 1986 and no a lot of a similar – some are removed whereas some are else. At irregular intervals, the urban center stock market (BSE 50) authorities review and modify its composition to create positive it reflects current market conditions. Actually, Sensex is nothing.
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