How is the value of Sensex calculated?
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How is the value of Sensex calculated?
Formula to calculate Sensex Value of Sensex = (Total free float market capitalization/ Base market capitalization) * Base period index value. The base period (year) for Sensex calculation is 1978-79. The base value index is 100. Using the above formula, one can calculate the value of BSE Sensex.
How the value of Indian rupee decided?
In this system, the value of a currency is determined by the basic economic concept of Demand and Supply. A currency with more demand has a higher value. As the exchange of different currencies takes place in the Exchange market, the demand of each currency in the market determines its value.
What is the value of Indian stock market?
US$3.4 trillion
National Stock Exchange has a total market capitalization of more than US$3.4 trillion, making it the world’s 10th-largest stock exchange as of August 2021….National Stock Exchange.
| National Stock Exchange of India’s Logo | |
|---|---|
| Market cap | US$3.4 trillion (August 2021) |
| Volume | ₹8,998,811 crore (US$1.2 trillion) (FY 2020) |
Who is the owner of BSE?
Shri Ashishkumar Chauhan
Shri Ashishkumar Chauhan is the MD & CEO of BSE (Bombay Stock Exchange), the first stock exchange of Asia. He is one of the founders of India’s National Stock Exchange (“NSE”) where he worked from 1992 to 2000. He is best known as the father of modern financial derivatives in India due to his work at NSE.
Is SENSEX linked to the rupee and vice versa?
It means, 44\% of the movements in the Sensex in the past 10 years can be linked with the movements in the rupee and vice versa. “The correlation is positive, which means a rise in the index usually accompanies appreciation of the rupee and vice versa,” says Anupam Singhi, Chief Operating Officer, William O’Neil India, a markets research firm.
Why is the Indian rupee appreciating?
Since FIIs need the Indian currency to invest in the Indian market, the demand for the rupee goes up, in turn, boosting the currency. A stronger market leads to a better outlook for the rupee leading to further inflows and thus to the rupee’s appreciation.
What is the relationship between the rupee and the Nifty?
If you observe the chart movement, it is clear that the weakening of the rupee between September 2018 and November 2018 has been matched by negative returns on the Nifty. The subsequent bounce in the rupee has also been matched by the bounce in the Nifty. In the short run, the currency and stock market are positively correlated.
How does rupee value affect FPI flows?
Rupee value is a key determinant of FPI flows and these FPI flows tend to become negative when the rupee is weakening or is expected to weaken. That has a negative impact on the stock market indices too. India still runs an average monthly trade deficit of $15 billion with ~80\% dependence on oil imports.