Sensex V/s Nifty

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Querist : Anonymous

Querist : Anonymous (Querist)

05 May 2010 why is nifty 5300 and sensex 17000?
whats the basic differnece in the number?

CMA.Palani Arumugam

CMA.Palani Arumugam (Expert)
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05 May 2010 Sensex stands for Sensitive Index which consists of 30 stocks of BSE in its basket. The base year of SENSEX is 1978-79 and the base value is 100.

Nifty stands for NSE Fifty which consists of 50 stocks of NSE in its basket.For Nifty the base year is 1995 and the base value 1000.

Since there is a difference in the base year and base value and different stock exchange, there is a difference in the index value.

Tulika Kumari

Tulika Kumari (Expert)
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05 May 2010 sir how change in nifty and sensex is an indicator of our development......why we disucuss it every moment in news

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Rahul Gupta

Rahul Gupta (Expert)
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05 May 2010 Sensex and Nifty comprises of the top blue chip companies from various sectors. Their turnover, profitability, actions and reactions, presence in global market, expansion , mergers etc. affects very much to the economic develeopment, GDP, financial status of the country.
The global world can assess the growth or downward of the economy by the upward or downward movement. Also, it comprises of companies from different sectors that indicates the overall growth or downfall of the economy as a whole.

Tulika Kumari

Tulika Kumari (Expert)
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05 May 2010 thank you...