It is the oldest index in the country, while the Bombay Stock Exchange, now called BSE Limited, is the oldest exchange in Asia. The credit for coining the term, Sensex, goes to Deepak Mohoni, a stock market analyst and IIT, Kanpur graduate and IIM, Calcutta alumnus.Īs of September 20, 2017, the index was hovering above the 30,000 mark. The Sensex was launched on January 1, 1986, with the base value of 100 set on April 1, 1979.
It reflects the health of the equity market, investor sentiment and broadly the state of the economy. Officially known as the S&P BSE Sensex since February, 2013, the index captures the performance of the top 30 largest, most liquid and financially stable companies from across major sectors of the Indian economy that are listed on the exchange. The Sensex, also known as the sensitivity index, is the benchmark index of BSE Limited and is the most widely tracked equity gauge in India.
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