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
May 23, 2022 08:29 AM ISTWe 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
May 23, 2022 07:39 AM IST 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
May 23, 2022 07:33 AM IST Stock Market LIVE Updates: Among sectors metal index down 7 percent, while auto and realty indices up 1-2 percent.
May 23, 2022 06:40 AM IST 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.
May 23, 2022 06:18 AM IST 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.
May 23, 2022 06:07 AM IST 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.
May 22, 2022 06:47 PM IST 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.
May 22, 2022 11:49 AM IST 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.
May 22, 2022 11:40 AM IST "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."
May 22, 2022 10:29 AM IST 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.
May 22, 2022 07:58 AM IST "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.
May 21, 2022 01:37 PM IST "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."
May 21, 2022 11:23 AM IST The BSE Sensex and Nifty50 recovered some of their monthly losses but were still down nearly four percent in the month of May.
May 21, 2022 09:26 AM IST 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.
May 20, 2022 04:53 PM IST Welspun Corp, ITC and Hindustan Aeronautics were among the stocks that touched their 52-week high on the BSE
May 20, 2022 12:09 PM IST Nilesh Shah also talks about sectors he is bullish on in the near term.
May 20, 2022 08:17 AM IST 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.
May 20, 2022 07:28 AM IST All the sectoral indices ended in the green with metal, pharma, PSU bank and realty indices up 3-4 percent each.
May 20, 2022 06:30 AM IST 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.
May 19, 2022 11:17 PM IST 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.
May 19, 2022 07:06 PM IST 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.
May 19, 2022 05:27 PM IST 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
May 19, 2022 04:29 PM IST 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.
May 19, 2022 10:43 AM IST 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
May 19, 2022 07:47 AM IST "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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