Sensex is the benchmark index of the BSE in India. It was launched on January 1, 1986 as a basket of 30 shares representing the nation’s largest, financially-sound firms listed on the BSE.
The time period ‘Sensex’ is a mix of phrases ‘Delicate’ and ‘Index’ and was coined by inventory market skilled Deepak Mohini. The Sensex displays the actions within the Indian inventory market. It’s thought of the benchmark index of the Indian inventory market. It’s the oldest index in India and gives time collection knowledge from 1979, BSE, which was beforehand referred to as Bombay Inventory Alternate, says on its web site.
The bellwether index displays the sentiment of the market and serves as a benchmark for fund managers to check the efficiency of their funds. For buyers, Sensex acts as a proxy for the Indian inventory markets.