CURRENT AFFAIRS

Detailed explanation-1: -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-2: -Sensex which is derived from Sensitive and Index is an equity benchmark index for the Indian Equity Market. It is one of the two major stock indices in India. Officially known as S&P BSE Sensex, it is operated by Bombay Stock Exchange (popularly known as BSE). Sensex was introduced by NSE on January 1, 1986.

Detailed explanation-3: -SENSEX (or SENSITIVE INDEX) was created in 1986 and is the oldest stock market index for equities. It comprises of shares of 30 well-established and financially sound companies listed on BSE. These companies represent various industrial sectors of the Indian economy. Calculation of SENSEX.

Detailed explanation-4: -The NIFTY 50 is a diversified 50 stock index accounting for 13 sectors of the economy. It is used for a variety of purposes such as benchmarking fund portfolios, index based derivatives and index funds.

Detailed explanation-5: -Nifty stands for National Stock Exchange Fifty and is the equity benchmark index of the National Stock Exchange (NSE). It was introduced by NSE in 1996, and its other aliases are Nifty 50 and CNX Nifty. One of the most critical points of difference between Sensex and Nifty is the number of stocks each index comprises.