SENSEX is also known as BSE Sensex. It stands for Stock Exchange Sensitive Index and is the stock market index for the Bombay Stock Exchange which calculates the movement on BSE. A stock market analyst Deepak Mohoni termed the word Sensex which was a blend of words ‘Sensitive’ and ‘Index’. It is a free-float market-weighted stock market index of 30 well-established and financially sound companies listed on the Bombay Stock Exchange. The 30 constituent companies which are some of the largest and most actively traded stocks, are representative of various industrial sectors of the Indian economy. It was launched January 1. The base value of the SENSEX was taken as 100 on 1 April 1979 and its base year as 1978-1979. The index is calculated based on a free float capitalisation method, a variation of the market capitalisation method. Instead of using a company's outstanding shares it uses its float, or shares that are readily available for trading. Free Floating capital implies total capitalization less Directors shareholding. As per free float capitalisation methodology, the level of index at any point of time reflects the free float market value of 30 constituent stocks relative to a base period. The market capitalisation of a company is determined by multiplying the price of its stock by the number of shares issued by corporate actions, replacement of scrips. More
JamaWealth founder-CEO Ram Kalyan Medury also said that after the recent flurry of activity, even the primary markets could mellow down due to the global macro situation
In November, so far, foreign institutional investors have purchased equities worth Rs 11,358.48 crore, while domestic institutional investors sold equities worth Rs 1,588.43 crore
On the sectoral front, Nifty Media index rose 5.4 percent, Nifty PSU Bank index added 5 percent, Nifty Oil & Gas and Information Technology indices rose 2.5 percent, however, Nifty Realty index shed nearly 1 percent
Bajaj Finserv, Bharti Airtel, Axis Bank, Adani Enterprises and Tata Motors will see the biggest earnings growth among Nifty constituents in FY24
Now, 18,500 is expected to be a crucial level for the Nifty50 and if it sustains it then 18,600 is on the cards in coming sessions which ultimately can open the door for 18,800-19,000 levels, with crucial support at 18,300-18,000 levels, experts said.
BSE Midcap and Smallcap indices rose 0.5 percent each.
While stock market touch record highs, is it a good time to book profits? Catch the conversation LIVE!
Instead of buying or selling, the time may be right to review your portfolio in the context of your financial goals.
Rising interest rates and elevated stock valuation could be stretching the spread between earnings yield and 10-year GSec yield to a breaking point
The rising Index, with a high number of constituents participating, confirms a bullish trend and sustainability of the Index at higher levels, say some experts. However, one fund manager says the data hides more than it reveals, given that the returns so far have been abysmal.
The key financial metrics like NPA are likely to continue to improve in the rest of FY2023, backed by strengthened balance sheets and an improving credit demand outlook, especially for working capital, Arun Malhotra of CapGrow Capital says.
Kanika Agarrwal of Upside AI and Amit Jeswani of Stallion Asset differ in their views on strength in the market
Stock Market LIVE Updates: On the sectoral front, selling is being witnessed in FMCG, IT and Banks
In this edition of Market Minutes, N Mahalakshmi discusses just how costly are stocks as Sensex hits a new peak. Market Minutes is a morning podcast that tracks the risk-reward in stock markets by putting the spotlight on keys data points and developing trend
RCF is at 52-week high level indicating strong price momentum and room to move higher. The stock has given a multi-year breakout which points towards the beginning of a fresh trend on the upside.
Indoco Remedies shares rallied more than 7 percent to Rs 415.35 and formed long bullish candle on the daily charts with strong volumes. Overall it has seen a good run up after breaking out long downward sloping resistance trend line adjoining August 12, 2021 and August 3, 2022.
Based on the open interest future percentage, there were 113 stocks, in which short-covering was seen including Nifty Financial, Torrent Power, LIC Housing Finance, HDFC Life Insurance, and IndiaMART InterMESH.
As the Western world is facing recession, some impact will also be on Indian companies. This may lead to plateauing of earnings growth or even a contraction. This along with any further rise in Sensex levels will eventually lead to the expansion of PE.
12 stocks (comprising 36 percent of Index weight) have generated positive returns while others have declined from the prices they were trading at when the Sensex had hit its previous all-time high last year.
India’s stock markets are the most expensive in Asia and emerging markets currently. Compared to the Asia-Pacific region, it trades at an elevated PE premium of about 80 percent.
Experts said that the sustainability of the 18,400 mark in coming sessions could push the index beyond the 18,600 mark, with crucial support at the 18,300 and 18,000 levels.
The Nifty Bank index closed above 43,000 after hitting a fresh record high of 43,163.40, intraday.
A report of today's highs and lows in the Stock market. Watch Live on moneycontrol.
There is no known event that will keep markets volatile — the data and facts point to an optimistic situation for the markets, says Vikas V Gupta of OmniScience Capital.
Banks, energy (Reliance) and select domestic cyclicals are expected to be the major contributors to the overall index earnings over the next year.