WHAT IS THE DIFFERENCE BETWEEN 'SENSEX ' AND 'NIFTY' ? ?

Question

RELATED TO STOCK EXCHANGE

Answer 1

Sona was close but not accurate. These are indices (plural of index). The index comprises of select comapnies and they are based on the exchanges as Sona mentioned. Index is an indicator of how the movement is. See below link for details

Answer 2

THE SHARES OF THE COMPANIES LISTED IN 'BOMBAY STOCK EXCHANGE' IS KNOWN AS 'SENSEX'. THE SHARES OF THE COMPANIES LISTED IN 'NATIONAL STOCK EXCHANGE' IS KNOWN AS 'NIFTY'.  THIS IS THE DIFFERENCE BETWEEN 'SENSEX ' AND 'NIFTY'  .    

Bombay Stock Exchange Limited is the oldest stock exchange in Asia with a rich heritage.  it was established as "The Native Share & Stock Brokers Association" in 1875. It is the first stock exchange in the country to obtain permanent recognition in 1956 from the Government of India under the Securities Contracts (Regulation) Act, 1956.The Exchange's pivotal and pre-eminent role in the development of the Indian capital market is widely recognized and its index, SENSEX, is tracked worldwide. Earlier an Association of Persons (AOP), the Exchange is now a demutualised and corporatised entity incorporated under the provisions of the Companies Act, 1956, pursuant to the BSE(Corporatisation and Demutualisation) Scheme, 2005 notified by the Securities and Exchange Board of India (SEBI).

The National Stock Exchange (NSE), located in Bombay, is India's first debt market. It was set up in 1993 to encouragestock exchange reform through system modernization and competition. It opened for trading in mid-1994.

Since BSE is older than NSE many stocks are listed on BSE but not on NSE. Most liquid stocks are listed on both exchanges. The turnover of NSE is higher than BSE because NSE became more investor friendly and transparent with computerization. BSE has a lot of catching up to do.

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Answer 3

Sensex - Bombay Stock Exchange Limited is the oldest stock exchange in Asia with a rich heritage. Popularly known as "BSE", it was established as "The Native Share & Stock Brokers Association" in 1875. It is the first stock exchange in the country to obtain permanent recognition in 1956 from the Government of India under the Securities Contracts (Regulation) Act, 1956.The Exchange's pivotal and pre-eminent role in the development of the Indian capital market is widely recognized and its index, SENSEX, is tracked worldwide. Earlier an Association of Persons (AOP), the Exchange is now a demutualised and corporatised entity incorporated under the provisions of the Companies Act, 1956, pursuant to the BSE(Corporatisation and Demutualisation) Scheme, 2005 notified by the Securities and Exchange Board of India (SEBI).

Nifty - The National Stock Exchange (NSE), located in Bombay, is India's first debt market. It was set up in 1993 to encouragestock exchange reform through system modernization and competition. It opened for trading in mid-1994.

Since BSE is older than NSE many stocks are listed on BSE but not on NSE. Most liquid stocks are listed on both exchanges. The turnover of NSE is higher than BSE because NSE became more investor friendly and transparent with computerization. BSE has a lot of catching up to do.