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
Stock market today: Sensex, Nifty saw recovery from day's low after initial volatility, with participants responding to indications that the ruling NDA was headed for a comfortable victory in Bihar.
Stock market today: Sensex, Nifty declined on the day of the Bihar election results, as analysts said markets had already priced in an NDA victory and were now shifting focus to other cues.
Indian equities opened lower on Friday as weak global cues and election-related caution weighed on investor sentiment.
The Nifty ended flat amid high volatility on Thursday ahead of the Bihar election results, facing stiff resistance near the 26,000 mark after early gains faded. Asian Paints, Hindalco, and IndiGo were among the top gainers, while Tata Motors and M&M saw selling pressure. Sectorally, Metal, Realty, and Pharma indices outperformed, while PSU Bank and FMCG declined. The broader markets underperformed, with both the Nifty Midcap 100 and Smallcap 100 falling 0.4% each. Globally, investors await key US inflation and jobs data for further cues. This morning, global cues were weak. US markets ended lower overnight as investors rotated out of tech stocks. Asian markets also started the day on a negative note, tracking losses in Wall Street. Catch Lovisha Darad in conversation with Raja Venkatraman, Co-Founder - NeoTrader & Trading Influencer and Kuunal Shah, Associate Fund Manager, Carnelian Capital.
Dalal Street's key indices Nifty 50 and Sensex may be poised for a start in the red on November 14, weighed down by poor global cues.
Wall Street ended sharply lower on Thursday, with steep losses in Nvidia and other AI heavyweights, as investors scaled back expectations of interest rate cuts due to inflation worries and divisions among central bankers about the U.S. economy's health.
Energy stocks gained 0.36 percent, while PSU banks rose nearly 0.6 percent. Pharma also traded in the green. On the flip side, metals, autos and realty remained weak. Smallcaps outperformed modestly with a 0.33 percent gain, even as midcaps stayed slightly in the red.
Going forward, Raghvendra Nath said it would be important for inflation to remain moderate for interest rates to be cut further. If this play out, the overall demand scenario is likely to improve more, which could bring fresh momentum into the market.
More than 120 smallcap stocks hit 52-week low, including Cohance Life, DCX Systems, Kopran, Go Fashion, Kabra Extrusion, Lincoln Pharma, Dhunseri Investments, KNR Construction, Sundaram-Clayton, Saregama India,HG Infra Engineering, Wonderla, Quess Corp, Ceinsys Tech, among others.
After seeing a sharp upmove in the afternoon half of the session, the benchmark indices failed to maintain the momentum and settled flat.
Stock market today: Traders took some profits off the tables ahead of the results of the all-important Bihar Assembly polls
The markets ended the session on a mixed note, with the Sensex slipping 300 points from the day’s high, while the Nifty held flat above 25,900 as India VIX eased, indicating reduced volatility. IT and auto stocks reversed early gains, dragging the benchmarks off their peaks, even as metal stocks lent some support to the indices. The broader markets remained mixed, with midcaps trading in the green, showing some resilience. The Bank Nifty cooled off from record highs, reflecting mild profit booking in financials. Among the Nifty 50 gainers were Asian Paints, Hindalco, and IndiGo, while Eternal, ONGC, and Shriram Finance featured among the top losers.
Analysts attributed the market upmove to expectations of a rate cut by RBI after decline in October retail inflation,
Domestic indices opened flat on November 13, with investors turning cautious after a three-day rally despite supportive cues from easing inflation and global optimism.
The Nifty extended its rally for the third straight session, ending near the day’s high with a gain of 180 points after a strong gap-up opening. Asian Paints, Adani Enterprises, and Tech Mahindra led the gains, while Tata Motors, Tata Steel, and Shriram Finance witnessed profit-taking. Sectorally, IT, Auto, and Pharma outperformed, whereas Metal and Realty indices lagged behind. Broader markets moved in tandem, with both the Midcap and Smallcap indices rising 0.8%. Optimism over a potential US trade deal and exit polls indicating an NDA win in Bihar lifted sentiment, even as investors turned their focus to key global data and upcoming Q2 results from major companies. Catch Lovisha Darad in conversation with Chandan Taparia, Senior Vice President, Head - Derivatives & Technical Research , Motilal Oswal and Karan Aggarwal, Co-founder & CIO, Elever.
Domestic indices are expected to open flat on November 13, with investors turning cautious after a three-day rally despite supportive cues from easing inflation and global optimism.
Gold was steady after rising almost 2% in the previous session, as traders weighed an uncertain US economic outlook that’s been compounded by an absence of reliable data.
For long-term investors, Ambit's Sushant Bhansali believes IT sector offers value compared to many other areas of the market.
BSE Midcap and smallcap indices were down 0.3 percent each. Asian Paints, ICICI Bank, L&T, Interglobe Aviation, Hindalco were among major gainers on the Nifty, while losers were Eternal, Shriram Finance, Adani Ports, Bharat Electronics and M&M. Among sectors, IT, media, PSU bank shed 0.5% each, while metal, pharma, realty rose 0.5% each.
Biggest Nifty gainers were Asian Paints, Adani Enterprises, Tech Mahindra, TCS, HDFC Life, while losers were Tata Steel, TMPV, Bharat Electronics, Shriram Finance, Grasim Industries.
Indian markets extended their winning run for the third straight session on Wednesday, with Nifty and Sensex rallying over 0.7 percent amid optimism
Bulls drive Nifty above 25,850 as the index extends gains for the third consecutive day. The Sensex surges 600 points while India VIX eases 3%, reflecting improved market sentiment. Broader markets remain resilient with overall breadth staying positive. IT, auto, and consumer durable stocks shine, contributing to the rally, while FMCG and metal counters witness some pressure. Tata Motors CV shares fall after a 28% premium listing, whereas Groww shares remain resilient following a 14% premium debut. The momentum in equities highlights strong investor confidence amid supportive global cues.
Optimism over a possible India-US trade deal and easing concerns about the US government shutdown also supported market momentum.
Nifty 50 opened with a gap-up and Sensex extended gains for the third straight session on Wednesday, November 12, as upbeat global cues, hopes of an India-U.S. trade deal, and favorable Bihar exit polls lifted market sentiment.
The Nifty rebounded sharply from the day’s low to end near the session high, recovering most of last week’s losses with a 121-point gain. Positive global cues lifted market sentiment, with 40 of the 50 Nifty stocks closing higher. Gains were led by IT, auto, and metal stocks, while PSU banks and realty counters dragged. The midcap index hit a record high, even as the smallcap index slipped marginally. Investors remained focused on key earnings from HAL, Asian Paints, and Tata Steel. This morning, global cues were xxx. Catch Lovisha Darad in conversation with Jay Thakkar, Head Derivatives and Quant Research, ICICI Securities and Rishi Kohli, CIO, JioBlackRock Asset Management Company.