Day 2- Stock market series: What is index?What is index?
In stock market Index tells us about the market direction and market behavior.
Mainly there are two Index in india.
a). Nifty50: Nifty50 mean national fifty is an index issued by National stock exchange(NSE). It represents the weighted average of top 50 companies registered on NSE from 12 different sectors and tells about the behavior of NSE. Its base value is 1000.
b). SENSEX: SENSEX means sensitive index is an index issued by Bombay Stock exchange. It represents the weighted average of top 30 companies registered on BSE. Its base value is 100.