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SENSEX is also known as BSE Sensex. It stands for Stock Exchange Sensitive Index and is the stock market index for the Bombay Stock Exchange which calculates the movement on BSE. A stock market analyst Deepak Mohoni termed the word Sensex which was a blend of words ‘Sensitive’ and ‘Index’. It is a free-float market-weighted stock market index of 30 well-established and financially sound companies listed on the Bombay Stock Exchange. The 30 constituent companies which are some of the largest and most actively traded stocks, are representative of various industrial sectors of the Indian economy. It was launched January 1. The base value of the SENSEX was taken as 100 on 1 April 1979 and its base year as 1978-1979. The index is calculated based on a free float capitalisation method, a variation of the market capitalisation method. Instead of using a company's outstanding shares it uses its float, or shares that are readily available for trading. Free Floating capital implies total capitalization less Directors shareholding. As per free float capitalisation methodology, the level of index at any point of time reflects the free float market value of 30 constituent stocks relative to a base period. The market capitalisation of a company is determined by multiplying the price of its stock by the number of shares issued by corporate actions, replacement of scrips. More

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  • Daily Voice | Market far from being in a stable territory, pick these 4 themes, says Varun Lohchab of HDFC Securities May 23, 2022 08:29 AM IST

    Daily Voice | Market far from being in a stable territory, pick these 4 themes, says Varun Lohchab of HDFC Securities

    We don't believe that bear market phase is over as the near-term risks might be known but their quantum & duration of existence are still unknown, said Varun Lohchab of HDFC Securities

  • Top 10 trading ideas from experts for next 3-4 weeks as market snaps five-week losing streak May 23, 2022 07:39 AM IST

    Top 10 trading ideas from experts for next 3-4 weeks as market snaps five-week losing streak

    The broader market has started to show some encouraging signs, with the Nifty Midcap 100 and Smallcap 100 indices rising 3 percent and 4 percent. This should do extremely well if the market remains above the psychological support of 16,000

  • Market LIVE Updates: Nifty around 16,300, Sensex gains; auto, realty rally, metals drag May 23, 2022 07:33 AM IST

    Market LIVE Updates: Nifty around 16,300, Sensex gains; auto, realty rally, metals drag

    Stock Market LIVE Updates: Among sectors metal index down 7 percent, while auto and realty indices up 1-2 percent.

  • Choppiness to remain high amid monthly expiry; Nifty may touch 16,700-16,800: Experts May 23, 2022 06:40 AM IST

    Choppiness to remain high amid monthly expiry; Nifty may touch 16,700-16,800: Experts

    Markets have been witnessing wild swings within the 15,700-16,400 range and currently trading closer to the upper band. Participants should wait for a decisive close above 16,400 to change the bias. In case of a breakout, the 16,650-16,800 zone act as a hurdle, says Ajit Mishra, VP Research. Religare Broking.

  • Trade Spotlight | What should you do with Granules India, Welspun Corp, JK Lakshmi Cement on Monday? May 23, 2022 06:18 AM IST

    Trade Spotlight | What should you do with Granules India, Welspun Corp, JK Lakshmi Cement on Monday?

    Currently JK Lakshmi Cement is well placed above 20, 50 and 100 day SMA. The daily weekly strength indicator RSI is in bullish terrain which supports rising momentum. The daily "band Bollinger" buy signal indicates increased momentum.

  • Hot Stocks | Here's why you should bet on Petronet LNG, Axis Bank for short term May 23, 2022 06:07 AM IST

    Hot Stocks | Here's why you should bet on Petronet LNG, Axis Bank for short term

    Ff global market remains stable, Axis Bank is likely to give decent relief rally in the coming week. We recommend buying for a near term target of Rs 700. The strict stop-loss needs to be placed at Rs 657.

  • Trade setup for today: Top 15 things to know before the opening bell May 22, 2022 06:47 PM IST

    Trade setup for today: Top 15 things to know before the opening bell

    Based on the open interest future percentage, here are the 113 stocks including The Ramco Cement, Ashok Leyland, Apollo Tyres, Zydus Lifesciences, and Gujarat State Petronet, in which a long build-up was seen.

  • Markets may face volatility amid derivatives expiry; global trends and FII trading key: Experts May 22, 2022 11:49 AM IST

    Markets may face volatility amid derivatives expiry; global trends and FII trading key: Experts

    Last week, the Sensex climbed 1,532.77 points or 2.90 percent, while the Nifty jumped 484 points or 3.06 percent. Last week, the Sensex climbed 1,532.77 points or 2.90 percent, while the Nifty jumped 484 points or 3.06 percent.

  • Daily Voice | Consider buying LIC only if the insurer's metrics improve, says Anil Rego of Right Horizons May 22, 2022 11:40 AM IST

    Daily Voice | Consider buying LIC only if the insurer's metrics improve, says Anil Rego of Right Horizons

    "Considering the demand outlook, product launches, and attractive valuations, we are positive on Tata Motors and Ashok Leyland in the commercial vehicle space, and among ancillaries we prefer Sona BLW Precision Forgings."

  • Mcap of 3 of top-five valued firms jumps Rs 1.78 lakh cr; Reliance lead gainer May 22, 2022 10:29 AM IST

    Mcap of 3 of top-five valued firms jumps Rs 1.78 lakh cr; Reliance lead gainer

    While Reliance Industries, HDFC Bank and Hindustan Unilever were the gainers from the top-five pack, Tata Consultancy Services and Infosys emerged as the laggards.

  • Dalal Street Week Ahead | 10 key factors to watch out for May 22, 2022 07:58 AM IST

    Dalal Street Week Ahead | 10 key factors to watch out for

    "We expect choppiness to remain high due to the scheduled monthly expiry. Monsoon-related updates will also be in focus," says Ajit Mishra, vice-president of research at Religare Broking.

  • Daily Voice | Sonam Srivastava of Wright Research advises caution on eMudhra IPO, expects tepid listing for Delhivery, but Venus at premium May 21, 2022 01:37 PM IST

    Daily Voice | Sonam Srivastava of Wright Research advises caution on eMudhra IPO, expects tepid listing for Delhivery, but Venus at premium

    "The IPO market premium is primarily linked to the sentiment in the secondary markets. When the markets are euphoric, IPOs demand premium valuations, but no one likes an overvalued company in tough times, especially if the profits are low."

  • More than 100 smallcaps gain 10-50% as market bounces back in volatile week May 21, 2022 11:23 AM IST

    More than 100 smallcaps gain 10-50% as market bounces back in volatile week

    The BSE Sensex and Nifty50 recovered some of their monthly losses but were still down nearly four percent in the month of May.

  • Market snaps five week losing streak as Nifty back above 16,200 led by metals May 21, 2022 09:26 AM IST

    Market snaps five week losing streak as Nifty back above 16,200 led by metals

    BSE Metal index surged 7.3 percent, BSE Capital Goods index added 5.3 percent and BSE FMCG, Auto and Realty indices gained 4-5 percent. On the other hand, Information Technology index fell 2 percent.

  • Taking Stock | Market bounces back; Sensex, Nifty gain 3%; metal, pharma, banks lead charge May 20, 2022 04:53 PM IST

    Taking Stock | Market bounces back; Sensex, Nifty gain 3%; metal, pharma, banks lead charge

    Welspun Corp, ITC and Hindustan Aeronautics were among the stocks that touched their 52-week high on the BSE

  • Nilesh Shah lists three reasons for FII selloff May 20, 2022 12:09 PM IST

    Nilesh Shah lists three reasons for FII selloff

    Nilesh Shah also talks about sectors he is bullish on in the near term.

  • Daily Voice | Structurally bullish on defence, chemicals, API, Jitendra Gohil of Credit Suisse bets on realty, too May 20, 2022 08:17 AM IST

    Daily Voice | Structurally bullish on defence, chemicals, API, Jitendra Gohil of Credit Suisse bets on realty, too

    We have been very vocal for the past one year that India deserves a higher PE premium compared to global peers and despite spike in commodity prices, especially oil, India's relative valuation premium remains at historically high levels.

  • Closing Bell: Market ends the week in green, Sensex surges 1,534 pts led by realty, metal, pharma, PSU banks May 20, 2022 07:28 AM IST

    Closing Bell: Market ends the week in green, Sensex surges 1,534 pts led by realty, metal, pharma, PSU banks

    All the sectoral indices ended in the green with metal, pharma, PSU bank and realty indices up 3-4 percent each.

  • Hot Stocks | Hindustan Aeronautics, ITC, MRPL can give up to 30% return in short term. Here's why May 20, 2022 06:30 AM IST

    Hot Stocks | Hindustan Aeronautics, ITC, MRPL can give up to 30% return in short term. Here's why

    MRPL has bottomed out at Rs 40 levels with double bottom price formation and currently sustaining at multi-year high with strong volume support on the weekly charts.

  • Trade setup for today: Top 15 things to know before the opening bell May 19, 2022 11:17 PM IST

    Trade setup for today: Top 15 things to know before the opening bell

    Based on the open interest future percentage, here are the 126 stocks including Adani Ports, Astral, HDFC AMC, HPCL, and Nifty, in which a short build-up was seen.

  • Bajar Gupshup | Nifty skids 430 pts, Sensex down over 1400 pts; IT, metal shares worst hit May 19, 2022 07:06 PM IST

    Bajar Gupshup | Nifty skids 430 pts, Sensex down over 1400 pts; IT, metal shares worst hit

    Indian benchmark indices ended lower for the second consecutive session with Nifty finishing near 15,800 level. At close, Sensex was down 1,416 points, and Nifty fell 431 points. All the sectoral indices ended in the red with metal, IT indices fell 4-5 percent. BSE midcap and smallcap indices lost over 2 percent each.

  • Markets in a tailspin, investors lose more than Rs 6.4 lakh crore in a day May 19, 2022 05:27 PM IST

    Markets in a tailspin, investors lose more than Rs 6.4 lakh crore in a day

    The Sensex has lost more than Rs 17.59 lakh crore of its market capitalisation in May alone. The mcap was Rs 266.98 lakh crore at the close on April 29 and has now collapsed to Rs 249.38 lakh crore

  • Taking Stock | D-Street joins global rout; Sensex, Nifty slump over 2.5% but ITC gains May 19, 2022 04:29 PM IST

    Taking Stock | D-Street joins global rout; Sensex, Nifty slump over 2.5% but ITC gains

    Investors lost Rs 6,58,257.76 crore, as market capitalisation of BSE listed companies fell to Rs 2,49,19,188.05 crore on May 19 from Rs 2,55,77,445.81 crore on May 18.

  • These stocks soared high during Covid but plunged as pandemic ebbed May 19, 2022 10:43 AM IST

    These stocks soared high during Covid but plunged as pandemic ebbed

    The change in market stance from growth and momentum to value is clearly visible and the stocks which had gone expensive are seeing mean reversion as the valuations became unsustainable and unjustifiable

  • Daily Voice | No surprise if some developed nations enter recession, says Raghvendra Nath of Ladderup Wealth Management May 19, 2022 07:47 AM IST

    Daily Voice | No surprise if some developed nations enter recession, says Raghvendra Nath of Ladderup Wealth Management

    "From a valuation standpoint, the last two years of rally had stretched valuations of most good quality businesses and a consolidation may be good for stock prices in the long run."

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