The BSE stands for 'Bombay Stock Exchange. Established in 1875, BSE is the first and one of the major stock marketplaces in India's. The NSE is brief for National Stock Exchange.
BSE - Major Stock Market in India
Established in 1972 somewhat later than BSE, the stock exchange is identical to BSE. While BSE is older, NSE is higher with more everyday business and more sales.
The Sensex is a free-floating stock market index of 30 well-established firms that are financially healthy and listed in BSE and has been in operation since 1875.
In addition to the popular Sensex, BSE employs additional stock indexes.
BSE 100 and BSE 500 are the indicators. Sensex is the pulse of the domestic stock exchanges in India and was listed on 1 January 1986. On 1 April 1979, the base value of the Sensex and its base year 1978-79 is taken as 100.
Sensex is a weighted index of market capitalization. The overall market value of all 30 stocks in various industries is reflected. The total value for the market is calculated by multiplying the stock price by the number of outstanding shares.
The Sensex daily computation should be done by dividing an index number known as the index divider of the total market value of the 30 businesses. The splitter covers the original Sensex base period.
SEBI CEO Ajay Tyagi made his opinion on retail investors' interest in the Indian securities market implying that it has grown dramatically to average 2.45 million Demat monthly accounts during April-June.
The cumulative total Demat Accounts rose to 55 million, from 41 million at the start of FY21 to 34.7% at the conclusion ofFY21.
In the year from 2019-20, capital-acquisition cash market sales grew by 70.2 per cent from Rs 96.6 lakh crore to Rs 164.4 lakh crore in 2020-21. Furthermore, the share of people in sales rose by around 5 percentage points to 51.4%
The major reasons behind these were the existing low-interest rates and the easy availability of money are key reasons for India's growing investment interest.
While the convenience of stock market trading on new technological platforms, including mobile phone applications, has also led investors to the stock market, the absence of adequate real estate and debt instruments returns also added to their numbers.
Here is a Timeline of Sensex:
Here is the Sensex journey starting from level 1,000 to 60,000. July 19901001 January 19922020 February 19923,000 March 19924,000 October 19995,000 February 20006,000 June 20057,000 September 20058,000 December 20059,000 February 200610,000 March 200611,000 April 200612,000 October 200613,000December 200614,000 July 200715,000 September 200716,000 September 200717,000 October 200718,000 October 200719,000 December 200720,000 November 201021,000 March 201422,000 May 201423,000 May 201424,000 May 201425,000 July 201426,000 September 201427,000 November 201428,000 January 201529,000 March 201530,000 May 201731,000 July 201732,000 October 201733,000 December 201734,000 January 201835,000 January 201836,000 July 201837,000 August 201838,000 April 201939,000May-201940,000 26th November 201941,000 16th January 202042,00010th November 202043,000 18th November 202044,000 4th December 202045,000 9th December 202046,000 18th December 202047,000 4th January 202148,000 11th January 202149,000 21st January 202150,000 8th February 202151,000 15th February 202152,000 23rd June 202153,000 4th August 202154,000 13th August 202155,000 24th August 2021,56,000 31st August 202157,000 3rd September 202158,000 16th September 202159,000 24th September 202160,000