GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In India, NIFTY and SENSEX are calculated on the basis of
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Paid up Capital
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Market Capitalization
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Free-float Capitalization
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Authorized Share Capital
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Explanation:
Detailed explanation-1: -Nifty or National Fifty is calculated based on the free float capitalization-weighted method of all the 50 companies. The price of the Index reflects the total market value of all the stocks in the Index relative to the base period on November 3rd, 1995.
Detailed explanation-2: -(I) The SENSEX is a free-float market-weighted stock market of 30 well established and financially sound companies listed on Bombay stock exchange. (II) The NIFTY 50 is NSE’s benchmark broad based stock market index for the Indian equity market.
Detailed explanation-3: -According to BSE, Rs. 2501.24 crore is to be used as the base market capitalisation.-The base index value is 100.
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