What is Sensex
Mr. Deepak Mohoni, a stock market analyst, had given a term called sensex, which stands for ‘Stock Exchange Sensitive Index, which is the stock market index for the Bombay Stock Exchange. It calculates the movement of the Bombay stock exchange.
The Sensex is one of the oldest stock indexes in India. Till Jan 1, 1986, the stock exchange did not have any official index, that is when Sensex was opted for gauging the performance of the Indian market,i.e., to observe the overall growth, development of particular industries, ups, and downs of the Indian economy by the investors. The Sensex comprises 30 prominent stocks which are derived from sectors and are traded actively in the exchange market. If the value of Sensex increases it means there’s a general increase in the prices of shares whereas if it decreases it means there’s a general decrease in the price of shares