Sensex Stock: About, what they Do, Stock Price, Founders, CEO, CFO, Revenue, Founded, President, what’s New, Updates And Everything To Know
BSE Sensex Overview
The BSE Sensex (Bombay Stock Exchange Sensitive Index) is a free-float market-weighted stock market index consisting of 30 well-established and financially sound companies listed on the Bombay Stock Exchange (BSE). These 30 constituent companies represent various industrial sectors of the Indian economy.
Key Facts:
- Base Value: The SENSEX was introduced with a base value of 100 on April 1, 1979, using the financial year 1978–79 as its base year.
- Purpose: It serves as a pulse of the domestic stock markets in India, reflecting overall market sentiment and trends.
- DOLLEX-30: In 2001, BSE launched the DOLLEX-30, a dollar-linked version of the SENSEX.
- The Sensex provides a gauge of India’s economy and reflects the performance of major sectors.
- Launched in 1986, it is the oldest stock index in India.
- Operated by Standard & Poor’s (S&P).
- Analysts and investors use it to observe economic cycles and industry trends.
Recent Performance
As of June 5, 2024, here are the latest details:
- SENSEX Value: ₹72,079.05
- Price Change: -₹4,389.73 (-5.74%)
- Also Day Range: ₹70,234.43 – ₹76,738.89
- 52-Week High: ₹76,738.89
- Also 52-Week Low: ₹62,594.74
Other Global Indices (Comparison):
- NIFTY 50: ₹23,263.90 (+3.25%)
- Hang Seng Index: 18,403.04 (+1.79%)
- Dow Jones Industrial Average: 38,686.32 (No change)
- Also Nikkei 225: 38,923.03 (+1.13%)
Founders
The BSE Sensex was established by the Bombay Stock Exchange (BSE) in 1979. Its base value was set at 100 using the financial year 1978–79 as the reference.
Leadership
- CEO: The BSE Sensex does not have a specific CEO, as it is an index rather than a company.
- CFO: Similarly, there is also no designated CFO for the index.
Revenue
The BSE Sensex itself does not generate revenue. Its purpose is to provide a snapshot of market performance.
Founded
The BSE Sensex was introduced on April 1, 1979.
President
The BSE Sense does not have a president. Its governance lies with the Bombay Stock Exchange.
Updates Today
- Election Impact: As voting began for the Lok Sabha elections, the market opened on a gap-down note. However, the INDIA block showed better-than-expected performance.
- Profit Booking and Selling: Profit booking at higher levels also triggered selling on Dalal Street. The Nifty witnessed its biggest intraday fall since February 2022.
- Wealth Erosion: Investors’ wealth was wiped off by over Rs 21.5 lakh crore. The market capitalization of all listed companies on BSE decreased significantly.
- Largecaps vs. Smallcaps: Largecaps outperformed smallcaps, primarily due to FIIs turning buyers. Stocks like RIL, L&T, HDFC, ICICI, and M&M remained strong.
- Bond Yields and Rupee: The 10-year bond yield spiked, reaching 7.04%. The rupee dropped to 83.4425 against the US dollar due to election result jitters.
- Fear Gauge: India VIX (volatility index) skyrocketed by 36%.
