The full form of Sensex is the Stock exchange sensitive index. It is one of the oldest stock exchanges in India. Moreover, we also refer to it as BSE( Bombay stock exchange). Any slight change in the SENSEX can affect the whole market as a bunch. It is the parent cell of many stock firms and has the maximum throughput by the number of users in it. Additionally, the Sensex has a market cap of whooping 1triilion USD or 76,112.3149 billion Indian Rupees, There are many factors to the growth of Sensex as one of the biggest stock exchanges of the world.
SENSEX means Stock exchange sensitive index. It is one of the eldest stock exchanges in India. Any slight change in the SENSEX can affect the whole market as a bunch. Moreover, the Sensex has a bazaar cap of shouting 1triilion USD or 76,112.3149 billion Indian Rupees, There are many issues to the development of Sensex as one of the biggest stock exchanges of the world.
Furthermore, the SENSEX uses the free-floating mechanism to build the market share for all the stocks. This simply means the number of free tradable shares in any company at a given time can affect the SENSEX. Moreover, the base year for BSE is 1978-79. However, the base score or points was taken as 100 as of APRIL 1st 1979. The SENSEX contributes to 37% of the GDP in the free-floating shares. Also, the DOLLEX is the dollar-sensitive version of the SENSEX. It holds the records of the 30 financially well companies. Moreover, these are namely the BLUE chip companies as well.
BSE Sensex calculation formula-:
let’s know about it
Value of Sensex = (Total free float market capitalization/ Base market capitalization) x Base period index value.
The base period (year) for Sensex calculation is 1978-79. The base value index is 100. Using the before formula, one can calculate the value of BSE Sensex.
National Stock Exchange and Bombay Stock Exchange are the parts of the Stock exchange sensitive index. NSE is located in Mumbai, Maharashtra, India. NSE was founded in the year 1992. NSE is the owner of public and privately owned entities and individuals various domestic and global financial institutions.
To become a part of SENSEX, companies need to follow some criteria:
The company must be compulsorily listed on the Bombay Stock Exchange (BSE) without this the company cannot participate in SENSEX. The company must have a capitalization of large to medium size market. This means that only large companies are part of SENSEX.
| Term | Full Form |
| Sensex | Stock exchange sensitive index |
FAQ’s
It is one of the oldest stock exchanges in India. Moreover, we also refer to it as BSE( Bombay stock exchange). Any slight change in the SENSEX can affect the whole market as a bunch. It is the parent cell of many stock firms and has the maximum throughput by the number of users in it.
SENSEX is short form of Stock exchange sensitive index.
Stock exchange sensitive index is full form of SENSEX.
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