What is the SENSEX & NIFTY in India stock market ?

SENSEX and Nifty are two major stock market indices in India:

1. SENSEX (Sensitive Index):
   • SENSEX is the benchmark index of the Bombay Stock Exchange (BSE), which is one of the oldest stock exchanges in Asia.
   • It consists of 30 large, actively traded stocks from various sectors of the Indian economy.
   • SENSEX is a market-weighted index, meaning that stocks with higher market capitalization have a greater impact on its movements.
   • It is used to represent the overall sentiment of the Indian stock market and is closely watched by investors, analysts, and media.
2. Nifty 50:
   • Nifty 50, officially known as the National Stock Exchange Fifty, is the benchmark index of the National Stock Exchange of India (NSE).
   • It comprises 50 actively traded stocks from various sectors listed on the NSE.
   • Similar to SENSEX, Nifty 50 is also a market-weighted index, but it represents a broader segment of the Indian stock market compared to SENSEX.
   • Nifty 50 is widely used by investors and traders as a barometer of the Indian equity market's performance.

Both SENSEX and Nifty 50 are important indicators of the overall health and performance of the Indian stock market. Movements in these indices are closely monitored by investors, financial institutions, and policymakers to gauge market trends, investor sentiment, and economic conditions.