Nifty Vs Sensex: Difference Between Sensex and Nifty 2023 jan 112023
Introduction Sensex and Nifty are important metrics/data that stock marketers use every day to determine market trends. But what is Sensex or Nifty? What is the difference, and most importantly, how is Nifty and Sensex calculated? To answer all of the questions, we first need to understand the concept of the Index. What Is index? To determine the market trend, the market experts cannot calculate the performance of each listed stock. That would be time-consuming and impossible as thousands of stocks are listed, and by the end of the calculation, the market trends would have changed. So, how can anyone make a spontaneous decision? With an Index value. An index picks a sample of listed companies from their respective industries that act as a representative. It is similar to choosing a few apples from the basket and not the entire store, as they would be enough to know if the Apples are overall good. This sample of listed companies is called the Index, and the companies un...