07 August 2008
Hi... I dont have any knowledge about share market, so sometimes i will have to sit like a dumb when the discussion related to share market is going on..
Can any one tell me about the sensex and nifty in some simple way?
08 August 2008
The Sensex is an "index". And the index is basically an indicator. It gives you a general idea about the stocks moving upward or downward.
The Sensex is an indicator of all the major companies listed and traded at BSE.
The Nifty is an indicator of all the major companies listed and traded at NSE.
If the Sensex goes up, it means that the prices of the stocks of most of the major companies on the BSE have gone up. If the Sensex goes down, this tells you that the stock price of most of the major stocks on the BSE have gone down.
Just like the Sensex represents the top stocks of the BSE, the Nifty represents the top stocks of the NSE.
09 August 2008
Bids and offers are given at both the stock exchanges simultaneously and it is the human nature which one can not perceive in advance. The price quote at the two exchanges on a moment may differ but the overall trend will be same. In our practical life you may find the rate of a commodity of daily use being different at two markets.
CAclubindia
