INVESTMENTS
SENSEX
What is Sensex?
The name "Sensex" is a combination of the words "Sensitive" and "Index" and it was first used by stock market specialist Deepak Mohoni.
The goal of Sensex was to represent the most widely used market index of the thirty businesses that are listed on the Bombay Stock Exchange.
Some of the largest corporations in this nation with the most actively traded equities are the constituent companies featured in this index today.
KEY KNOWLEGE
Understanding Sensex
- Businesses must list on the Indian Bombay Stock Exchange.
- Big or mega-cap stocks have to make up the majority. It must be somewhat liquid.
- Businesses need to contribute to maintain the sector's equilibrium with the nation's equity market.
- It needs to make money from its main operations.
LISTED COMPANIES IN SENSEX
How does Sensex Works
30 of the biggest and most liquid public firms in India make up the benchmark S&P BSE Sensex index, sometimes referred to as the Sensex or Sensex Index. One of the primary stock exchanges in India, BSE, is where the firms that comprise the Sensex are sourced from. The Sensex is widely regarded by investors globally as an indicator of the general health of the Indian economy, which has experienced significant growth in recent times.
Reliance Industries:
Reliance Industries is the largest private-sector company in India. It is involved in the oil refining, petrochemical, gas, retail and textile businesses and boasts consolidated sales of more than $60 billion.
TATA CONSULTANCY SERVICES
Tata Consultancy Services Limited (TCS) is an Indian multinational information technology (IT) services and consulting company headquartered in Mumbai. It is a part of the Tata Group and operates in 150 locations across 46 countries. In September 2023, it was reported that TCS had over 616,000 employees worldwide.
HDFC BANK
The bank was incorporated in August 1994 after its erstwhile parent HDFC received an 'in principle' approval from the RBI to set up a bank in the private sector, as part of its liberalization of the Indian banking industry, and commenced operations in January 1995.
ICICI BANK
ICICI Bank was incorporated in 1994 as a part of the ICICI group. In 1999, ICICI became the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the New York Stock Exchange.
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