What does Sensex No mean?

The Sensex is India’s benchmark stock index and represents 30 of the country’s largest and most well-capitalized stocks listed on the BSE. It is calculated in Indian rupees and U.S. dollars. The index is float-adjusted and market capitalization-weighted. The Sensex has grown since India opened up its economy in 1991.

Why is Sensex important?

Sensex comprises of the 30 largest and most actively traded stocks on BSE, providing a gauge of India’s economy. The Sensex is one of the oldest stock indexes in India. Sensex is used to observe the overall growth, development of particular industries, ups and downs of the Indian economy by the investors.

Is Google bluechip?

3 Top Blue-Chip Stocks for Strong Gains in 2021: Alphabet, Microsoft, and Visa. GOOGL – Blue chip companies are known for their product power, financial resiliency, and balance sheet strength, which allow them to churn out steady profits even during an economic slump.

What happened to the SENSEX in 1992?

4000, 30 March 1992 – On 30 March 1992, the SENSEX crossed the 4,000 mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and SENSEX witnessed unabated selling.

What is the long-run rate of return on the SENSEX?

Using information from April 1979 onwards, the long-run rate of return on the S&P BSE SENSEX works out to be 18.6\% per annum. The following is a timeline on the rise of the SENSEX through Indian stock market history.

What is the all-time high of the SENSEX?

12 May 2014 – The SENSEX closed at its record all-time high of 23,551, a rise of 2.42\% (+556.77 points) intraday due to continued fund inflows on hopes of a stable government.

What is the full market capitalisation of SENSEX?

As of 25th September 2017, the full market capitalisation of SENSEX was about ₹54,637.0878 billion (US$790 billion) (37\% of GDP) while its free-float market capitalisation was ₹30,094.2286 billion (US$435 billion).