CURRENT AFFAIRS

Detailed explanation-1: -What is the full form of SENSEX? The full form of SENSEX is Stock Exchange Sensitive Index. SENSEX is the oldest stock exchange in India and is also termed as BSE (Bombay Stock Exchange). It is a free float, economy-weighted index of 30 financially sound and very well-established organizations listed on BSE.

Detailed explanation-2: -Sensex, which stands for ‘Stock Exchange Sensitive Index’, is the stock market index for the Bombay Stock Exchange. Nifty stands for ‘National Stock Exchange Fifty’ and is the index for the National Stock Exchange.

Detailed explanation-3: -What is the full form of NIFTY? The full form of NIFTY is the National stock exchange FIFTY. It is also recognized as Nifty 50, Nifty simple, or Nifty CNX. It is a benchmark index on the NSE (National Stock Exchange) in India for large firms. It includes fifty stock exchanges that cover 23 economic sectors.

Detailed explanation-4: -Sensex is the benchmark index of the BSE in India. It was launched on January 1, 1986 as a basket of 30 stocks representing the country’s largest, financially-sound companies listed on the BSE. The term ‘Sensex’ is a blend of words ‘Sensitive’ and ‘Index’ and was coined by stock market expert Deepak Mohini.

Detailed explanation-5: -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.