SENSEX and NIFTY DIFFERENCE

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When we need to know the general market directions, we look at the market index. All the top stock exchange worldwide has indices that depict market behavior or investor sentiment.

Let us know what is an ‘INDEX’?

Index in the stock market term refers to a Statistical average that measures change, such as market performance or price movement. Investors use the market index to compare performance and use them as the basis for managing their investment portfolios. In India, the Nifty Sensex are important indices, which determine or depict the strength of the stock market.

Sensex Vs Nifty:

What is Sensex?

Sensex is known as the Sensitive index. Sensex is the stock market index of the Bombay stock exchange (BSE). With a base value of 100 and Sensex includes shares from the top, well established 30 companies. Sensex is calculated by using the free-float market capitalization method and the performance of the 30 selected stocks is directly reflected by the level of the index.

What is Nifty?

The National Stock Exchange Fifty Nifty) is the stock market index of the National Stock Exchange (NSE). Also known as NIFTY 50 and CNX Nifty, it comprises 50 stocks that are actively traded on NSE, the base value of the index is 1000 and it is computed using the free-float market capitalization-weighted method.

Difference between Sensex and Nifty

Sensex and Nifty are stock market indices, which are used to depict the strength of the stock market. While both are calculated almost in the same method, there are a few differences between the two market indices.

01. While Nifty is derived from ‘National Fifty’, Sensex is derived from ‘Sensitive Index’.

02. Sensex is operated by the Bombay Stock Exchange (BSE), while Nifty is operated by the India Index Services Products Ltd. (IISL), a subsidiary of the National Stock Exchange (NSE).

03. Nifty consists of 50 selected stocks from the top 50 companies, which are used to determine the index, while Sensex consists of 30 selected stocks from the top 30 companies, which are used to determine the index.

04. The base index value of Nifty is 1000, while the base index value of Sensex is 100.

Nifty and Sensex are two of the major stock market indices in India. Both Nifty and Sensex depict the strength of the stock market, and have many similarities. However, the key difference between Sensex and Nifty is that Nifty is designed to measure the performance of 50 top companies, while Sensex has been designed to measure the performance of 30 well-established companies. Furthermore, the base value of the index for Sensex is 100, while the base index value of Nifty is 1000.

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