2007-10-10 23:48:51 · 3 answers · asked by cynthina d 1 in Business & Finance ➔ Investing
It is an index = Total value of shares amount in Rupees as per market price/Total face value of shares of the 30 companies.
2007-10-11 00:46:00 · answer #1 · answered by deepak57 7 · 0⤊ 0⤋
There are two main stock exchanges in India. BSE and NES.
Bombay Stock Exchange and National Stock Exchange, where stocks are traded. We have more than 6000 public limited listed companies in India where the prices of these company's shares are quoted. To find out the general trend of the market whether it is going up or down some norms are decided :
In which company the volume is large
how frequently they are traded during the week
the reputation of the company in complying the rules framed by the stock exchange
accordingly major 30 companies are selected and on their valuation sensex is measured by giving certain waitage to each company. It is index.
On National stock exchange such 50 companies are selected and their index is called NIFTY.
2007-10-11 02:16:58 · answer #2 · answered by vinayak g 5 · 0⤊ 0⤋
Sensitive Index (index of selected shares whose prices together determine the sensex). BSE Sensex is based on 30 shares.
2007-10-10 23:59:02 · answer #3 · answered by Swamy 7 · 0⤊ 0⤋