When business people talk, they say that the Sensex has gone to a record, or that investors have lost millions going down. Then a question arises in the mind of common people that what is this Sensex and Nifty. Which works out profit and loss for investors.
If you are thinking of investing or trading in the stock market. So it is very important for you to know about this. In today's article we will tell you about the meaning of Sensex.
Sensex is the benchmark index of Bombay Stock Exchange i.e. BSE. That is why BSE is called Sensex. Let us tell you that Sensex is a combination of the words sensitive and index. It is also called Sense Index in Hindi.
The term Sensex is derived from the Bombay Stock Exchange (BSE), Sensex and Nifty are the 2 main large camp indices ie, the index. Sensex is an index linked to the Bombay Stock Exchange. While Nifty is linked to National Stock Exchange.
“Sensex” combines the words “sensitive” and “index”. The “sex” in the name is not related to gender or anything inappropriate. It is only part of the word “index”, a measure of the sensitivity of the stock market to economic events.
The Sensex acts as a barometer of the Indian stock market, reflecting trends and investor confidence in India's top companies. The term Sensex was coined in 1986 by stock market analyst Deepak Mohney.
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