Sensex and Nifty are the benchmark indexes of India.
Sensex is the benchmark index of Bombay Stock Exchange (BSE) while Nifty is the benchmark index of National Stock Exchange (NSE).
The Sensex was launched on 1 January 1986 as a basket of BSE Sensex 30 stocks representing India's largest and fundamentally strong companies.
Meanwhile, the Nifty was launched on 22 April 1996 as a basket of NSE Nifty 50 stocks which are large and liquid.
Both the exchanges, BSE and NSE, can revise the list of stocks in the index over time.
Both these indexes Sensex and Nifty reflects the overall sentiment of the stock market. Often, you'll read media headlines like 'Sensex Zooms xx Points' or 'Nifty Tumbles Below xx Mark'.
As there are more than 9,000 listed companies in India, it becomes difficult for investors to track every available stock before investing in the share market.
This is when an index like Sensex and Nifty comes into play as it represents the entire market and the sentiment.
To know more about how the Sensex is performing, please see the BSE Sensex Live Chart.
And to know more about how the Nifty is performing, please see the NSE Nifty Live Chart.
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