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The scrip Bombay Stock Exchange (BSE) benchmark index ended at 36,, up points or per cent, from the previous close, and the Nifty50 index of the National Sto Sensex Jumps. Index Composition Bse, share, Stock Indices, Sensex Indices, Composition Index, Stocks Gain / Lost - theconvergingworld.info
Reliance Jio Infocomm Ltd added After appreciating for three consecutive sessions, the rupee weakened on Wednesday. The rupee settled at A gain in the dollar overseas and a selloff in domestic equity markets, leading to a 1 per cent fall in benchmark indices, hurt the rupee, say analysts. This marks the first-ever three-way merger in the country's banking sector.
The merged entity will become the third largest bank in the country, after government-owned State Bank of India and private sector lende SENSEX, first compiled in , was calculated on a 'Market Capitalization-Weighted' methodology of 30 component stocks representing large, well-established and financially sound companies across key sectors.
SENSEX today is widely reported in both domestic and international markets through print as well as electronic media. It is scientifically designed and is based on globally accepted construction and review methodology. The growth of the equity market in India has been phenomenal in the present decade.
Right from early nineties, the stock market witnessed heightened activity in terms of various bull and bear runs. In the late nineties, the Indian market witnessed a huge frenzy in the 'TMT' sectors. More recently, real estate caught the fancy of the investors.
As the oldest index in the country, it provides the time series data over a fairly long period of time from onwards. SENSEX is calculated using the 'Free-float Market Capitalization' methodology, wherein, the level of index at any point of time reflects the free-float market value of 30 component stocks relative to a base period. The market capitalization of a company is determined by multiplying the price of its stock by the number of shares issued by the company.
This market capitalization is further multiplied by the free-float factor to determine the free-float market capitalization. It failed however to sustain the momentum and closed below 17, Reliance group has been the main contributor in this bull run, contributing points. The journey from 17, to 18, took just 8 trading sessions, which is the third fastest point rise in the history of the SENSEX. This is the fastest point rise ever for the index. In addition, the rise from 16, to 19, in 17 trading sessions sets a record for the fastest 3,point rally in the history of the SENSEX.
It took 42 days after reaching the 19, milestone to close above 20, points for the first time. The journey of the last 10, points was covered in just  sessions, compared to 7, sessions taken to touch the 10, mark from its base value of points. It would take nearly three years for the index to make its next close above this level. Date Points 1 24 August Retrieved 18 February Archived from the original on 29 August Retrieved 29 August Archived from the original on 30 January Retrieved 30 January Retrieved 21 May Retrieved 14 June Retrieved 19 September Sensex closes above 34, for the first time, Nifty at record high of 10,".
AccessMyLibrary - Promoting library advocacy". Archived from the original on 27 January Retrieved 23 January Retrieved August 24, A thumb rule -- if you do not understand a business well enough to forecast its long-term earnings potential, you should not buy its stock -- would likely filter out a majority of individual investors.
Jim Rogers has a simpler rule. If you haven't read a company's annual report, don't buy it. If you don't truly understand a company well, you simply will not make money in it, except by chance. As Rakesh Jhunjhunwala says when asked for stock recommendations, "you cannot make money from borrowed wisdom".
Then there is another breed of investors that thinks it is easy to move in and out of markets or stocks using charts, gut feeling or a combination of the two. When asked why they wouldn't want to buy the index and do nothing for years, they believe they can do better -- without realizing that it is simply incredibly difficult to beat the market's long-term's return about 15 percent , over, well, the long term.
A stock broker once told me that if I invested with him, I could look at making 40 percent returns in a year. It was lost upon him that 40 percent annual returns consistently produced over 40 years would turn him, if he started with Rs 1 lakh, into a Forbes billionnaire.
Finally, there is a genuine confusion about what comprises the long term. The holding period for the average mutual fund investor was under 2 years , according to a report last year.
For active stock investors, it is likely less, possibly in months. Part of the reason why holding periods are less is because flows into the stock market tends to be bunched up. Inflows are most when the markets are at a high and when it could be an inappropriate time to buy.
Mumbai , Maharashtra , India.
Frequently for the common man, the Sensex, and by extension, stock markets, are either something to be dabbled in after they have been in the news thanks to strong recent performances, or -- fresh from yet another bust -- a gambler's den.