What is meant by sensex?
Answers were Sorted based on User's Feedback
Answer / rajat kumar kar
Literaly sensex refers to sensitivity of index.It reflects
the market capitalisation(MC) of 30 blue-chip companies
listed in Bombay Stock Exchange
suppose now sensex is 10000.That means it is 100 times as
compared to it's inception(base year)
Is This Answer Correct ? | 43 Yes | 12 No |
Answer / rajmfm svu
sensex refer to the sensitive index it is a index of BSE in
sensex 30 listed companyes.
Is This Answer Correct ? | 20 Yes | 13 No |
Answer / sentiiii
sensitivity index refers to the market capitalization
Is This Answer Correct ? | 8 Yes | 5 No |
Answer / hanuman tilak
Literaly sensex refers to sensitivity of index.sensitivity index refers to the market capitalization.it is a index of BSE in sensex 30 listed companyes
Is This Answer Correct ? | 3 Yes | 3 No |
Answer / dm
Definition of 'Sensex'
An abbreviation of the Bombay Exchange Sensitive Index (Sensex) - the benchmark index of the Bombay Stock Exchange (BSE). It is composed of 30 of the largest and most actively-traded stocks on the BSE. Initially compiled in 1986, the Sensex is the oldest stock index in India.
Investopedia explains 'Sensex'
The index is calculated based on a free-float capitalization method when weighting the effect of a company on the index. This is a variation of the market cap method, but instead of using a company's outstanding shares it uses its float, or shares that are readily available for trading. The free-float method, therefore, does not include restricted stocks, such as those held by company insiders that can't be readily sold.
To find the free-float capitalization of a company, first find its market cap (number of outstanding shares x share price) then multiply its free-float factor. The free-float factor is determined by the percentage of floated shares to outstanding. For example, if a company has a float of 10 million shares and outstanding shares of 12 million, the percent of float to outstanding is 83%. A company with an 83% free float falls in the 80-85% free-float factor, or 0.85, which is then multiplied by its market cap (e.g., $120 million (12 million shares x .$10/share) x 0.85 = $102 million free-float capitalization).
Read more: http://www.investopedia.com/terms/s/sensex.asp#ixzz1kAwt9UGh
Is This Answer Correct ? | 0 Yes | 3 No |
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