0What do you understand by Stock market indices? Name the major stock market indices.
Stock market indices are used to measure the general movement of the stock market. It is used as a proxy for overall market movement. The major stock market indices are:
- Bombay Stock Exchange Sensitive Index (BSE) popularly known as Sensex. It reflects the movements of 30 sensitive shares from specified and non specified groups.
- S and P CNX nifty, known as Nifty Index. It reflects the movements of 50 scrips selected on the basis of market capitalization and liquidity.
