What is Sensex and Nifty?

There are 23 stock exchanges in India. Among them, two are national level stock exchanges namely BSE and NSE. The rest 21 are Regional Stock Exchanges (RSEs).

In the stock market, Sensex and Nifty are the most common terms that draw attention daily. We often hear news like Nifty hits all-time high, Sensex crashes and so on.

The term Sensex was coined by Deepak Mohoni, a stock market analyst in 1989. BSE Sensitive Index then was at about 750 points. It is a combination of the words Sensitive and Index.

Sensex is the market index consisting of 30 well-established and financially sound companies listed on Bombay Stock Exchange (BSE). Sensex is also called as BSE 30.

R.H. Patil, founded the National Stock Exchange (NSE) in 1992 and built it into the country's largest bourse. It was recognised as a stock exchange by SEBI in April 1993.

The NIFTY 50 is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange.

Interesting facts :

1. BSE is also the oldest stock exchange in Asia. 

2. The costliest share in the Indian share market is MRF. ( Note: It may change)

3.  Bombay Stock Exchange (BSE) is the biggest stock exchange in the world in terms of the number of listed companies on an exchange. BSE has over 5,500 listed companies.