What are the shares affect Sensex And Nifty indeces ?

Many times, most of the people make mistake and take Sensex and Nifty as arbitrary terms. However, they both are different from each other. The article help you to understand the main difference between Sensex and Nifty. Also, know the shares which drive the Nifty and Sensex up & down.

Difference between Sensex and Nifty.

Sensex and Nifty are the popular terms used when we discuss about stocks.

The Bombay Stock Exchange's 'Sens'itive ind'ex' is called Sensex. Sensex is also called BSE 30. The Sensex number is decided by 30 active shares traded in Bombay Stock Exchange. When the share value of these companies change, the Sensex will move up or down accordingly. Even if the price of most of the shares of the market falls down but the price of these 30 shares is high, then the index will increase. All these 30 shares have different weight and index depends upon them. These 30 shares are the representatives of different sectors.

Shares affect Sensex
1. Axis Bank
2. Bajaj Auto
4. Coal India
7. Infosys.
9. Hindalco
10. Hero Motocorp
11. Tata Power
12. Maruti Suzuki
13. Tata Steel
14. Dr Reddys Labs
15. Sesa Sterlite
16. M & M
17. Cipla
18. HDFC Finance
19. Wipro
20. HUL
21. Tata Motors
22. Sun Pharma
23. SBI
24. TCS
25. HDFC Bank
26. Larsen
27. ITC
28. ICICI Bank
29. Bharti Airtel
30 Reliance

Nifty is the index of National Stock Exchange. NSE index or Nifty is decided by 50 major shares which are active in NSE. They are the representatives of 24 different sectors. It is used for many purposes like Benchmarking Fund Portfolio; Index based Derivatives and Index Fund.

The stocks affect Nifty
1. ACC
2. Ambuja Cements
3. Axis Bank
4. Asian Paints
5. Bharti Airtel
7. Bank Of Baroda
8. Cairn India
9. Coal India
10. PNB
11. NMDC
12. NTPC
13. Lupin
14. Tata Power
15. GAIL
16. Hindalco
17. Hero Motocorp
18. IDFC
19. Tata Steel
20. Grasim
21. Maruti Suzuki
22. DLF
23. Infosys.
24. Tech Mahindra
25. Jindal Steel
26. M & M
27. Sesa Sterlite
29. Ultratech Cement
30. Power Grid Corp
31. Bajaj Auto
32. Dr Reddys Labs
33. Indusland Bank
34. ICICI Bank
35. BHEL
37. Zee Entertain
38. HCL Tech
39. Kotak Mahindra
40. HUL
41. Tata Motors
42. Wipro
43. TCS
44. Sun Pharma
45. SBI
46. ONGC
47. Reliance
48. HDFC Bank
49. Larsen
50. ITC

• Thus, Sensex is the indicator of major shares of BSE while Nifty is the indicator of major shares of NSE.
• Another difference is that BSE (Sensex) is located in Mumbai while NSE (Nifty) is located in New Delhi.
However, the purpose of both Sensex and Nifty is similar, i.e. to tell the position of stock market.

What is Price Band?

Generally, Price band is also mentioned during discussions on IPO. The price of share is discussed in prospectus issued during IPO or a range of its prices is mentioned within which an investor can bid or apply to purchase them. The maximum limit of price band cannot exceed 120 times of floor price of share.

There can be an amendment in price band but the information regarding this have to be issued through stock exchange and press release. Also, information has to be supplied on the trading terminal and website of business members participating in book building process.

If there is any amendment in price band, then the biding period is increased to 3 days. However, the biding period cannot exceed more than 10 days. Generally, the price of shares is decided on biding on price band only. A lot of discussions take place between promoters and lead managers to decide a price band. Only then the price band is finalized. However it also have a limit.

Article by Nidhi
Nidhi is a freelance content writer with 10+ years of experience. She has a great passion to write on valuable topics so as to provide precise information to her readers.

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