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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
More than 120 stocks touched their 52-week highs, including Eicher Motors, Samvardhana Motherson International, Force Motors, Ashok Leyland, SBI, Indus Towers, APL Apollo, KEI Industries, Max Financial, SAIL, Torrent Pharma, Bharat Forge, Nykaa, Titan Company, Grasim Industries, MRPL, among others.
While the India-US trade deal is undoubtedly a positive factor, Indian stock markets have been trading cautiously below their all-time highs.
Record gold inflows, equity fatigue and persistent timing errors show Indian investors still chase returns rather than practise discipline
Catch Lovisha Darad in conversation with Ashish Bahety, Technical and Derivative Research Analyst, ProfitMart Securities and Kranthi Bathini - Equity strategist at WealthMills securities pvt ltd
Sensex, Nifty pared gains to trade flat amid mixed global market trends, as investors booked profits at elevated levels.
Positive Global cues, US jobs report in focus. Can strong earnings from Titan, Apollo Hospital & Eicher Power up Bulls?
The textile sector in India is relatively well placed as compared to other countries following the announcement of the India-US trade deal. Lower tariffs will improve the competitiveness of the sector and support export-oriented players, said Umeshkumar Mehta.
Foreign institutional investors (FIIs) continued their buying streak for the third consecutive session on February 10, purchasing equities worth Rs 69 crore. Domestic institutional investors (DIIs) also remained supportive of the market, buying equities worth over Rs 1,174 crore.
Eicher Motors, Apollo Hospitals, Max Healthcare, SBI, Maruti Suzuki were among major gainers on the Nifty, while losers included Coal India, TCS, HCL Technologies, Eternal, Infosys. Nifty midcap and smallcap indices ended flat. On the sectoral front auto index jumped 1.3%, PSU Bank index rose 1%, consumer durables index up 0.6%, while IT index shed 1.7%.
Barring pharma and PSU Bank, all other sectoral indices ended in the green, with the media index rising 2 percent and the auto index gaining 1 percent.
Sensex, Nifty pared early gains as profit booking emerged in select FMCG, pharma and PSU bank shares after the benchmarks extended their gains for the third straight session.
Sensex, Nifty rose on signs of a turnaround in foreign fund flows as a trade deal with the United States continues to boost market sentiment.
US Mkt build on gains, ‘Takaichi Trade’ Powers Japanese Mkt. Nifty less than 2% away from fresh high
Foreign institutional investors (FIIs) extended their buying for a second consecutive session on February 9, purchasing equities worth ₹2,254 crore. Meanwhile, domestic institutional investors (DIIs) also turned net buyers, picking up equities worth over ₹4 crore.
Divam Sharma expects volatility to persist in the short term, but the medium-term outlook for Indian equities remains firmly positive.
Barring pharma and PSU Bank, all other sectoral indices ended in the green, with the media index rising 2 percent and the auto index gaining 1 percent. The Nifty Midcap and Smallcap indices also advanced 0.4 percent each. The top gainers on the Nifty included Eternal, Tata Steel, Bajaj Auto, ONGC and M&M, while the laggards were Shriram Finance, HCL Tech, Dr Reddy’s Labs, Bajaj Finance and Bharti Airtel.
For the year so far, FPI/FIIs have been net sellers of shares worth Rs 37,997 crore, while DIIs have net bought shares worth Rs 72,107 crore.
State Bank of India, Shriram Finance, Titan, Dr Reddy's Laboratories and Grasim Industries were among top gainers on the Nifty, while losers were Max Healthcare, Power Grid Corporation, ITC, ONGC and NTPC.
Catch Nandita Khemka in conversation with Vikas Gupta--CEO & Chief Investment Strategist, OmniScience Capital and Rajesh Bhosale, Senior Technical and Derivative Analyst, Angel One
Third quarter earnings showed sector-level divergence where overall the good revenue growth for sectors such as financial services, industrials, healthcare, auto and business services, said Ashwini Shami.
Sensex, Nifty rose on positive sentiment from the India-U.S. trade deal's interim framework as well as strong global cues.
US AI stocks pull back, markets in risk on mode again. Can bulls take Nifty back to all time highs?
FIIs have been gradually reducing their exposure to Indian equities due to a weakening rupee and relatively more attractive return opportunities in other global markets.
The India-US trade pact has removed a key overhang, improved export visibility, and triggered a revival in foreign investor interest, noted experts.
Gold advanced above $5,000 an ounce, as dip-buyers returned to the market after an exceptionally volatile week for precious metals.
