How Nifty and Sensex Moves?
Two Main Stock Exchange in India
1. Bombay Stock Exchange (BSE)
2. National Stock Exchange (NSE)
All major companies in India trade on these two Stock Exchange where few goes up and few goes down.
Now the question arises, how to measure the performance of Stock Market when some stock goes up and few goes down?
To measure the performance of Stock Market, NSE and BSE came up with index. BSE developed Sensex (Sensitive Index) in 1986, and
NSE developed Nifty (National Fifty) in 1996.
Nifty consisted of top 50 companies whereas Sensex comprises of Top 30 companies based on Market capitalization and different sectors:
So NSE took 22 different sectors, selected top 50 companies by market capitalization from these different sectors and formed Nifty. Same way Sensex did it for top 30 companies.
Now as we saw above that Nifty comprises of top 50 companies and Sensex comprises of top 30 companies, So the movement in Nifty and Sensex is dependent only on these top 50 stocks and top 30 stocks respectively..
Nifty will not be affected by the movement of the company other than its top 50 companies and same way Sensex would not be affected by the movement of the company other than its 30 companies.
How Nifty Moves Calculated.
1% move in TCS = 12.46 points in nifty moves
1% move in ITC = 10.09 points in nifty moves
1% move in Infosys = 7.36 points in nifty moves
1% move in Maruti Suzuki = 3.52 points in nifty moves
1% move in L&T = 4.66 points in nifty moves
1% move in Dr.Reddy = 3.39 points in nifty moves
1% move in ICICI bank= 4.66 points in nifty moves
1% move in HDFC = 5.20 points in nifty moves
1% move in HDFC bank = 6.63 points in nifty moves
1% move in Tata motors = 2.44 points in nifty moves
1% move in Vedanta = 1.05 points in nifty moves
1% move in Hindalco = 1.33 points in nifty moves
1% move in ONGC = 6.01 points in nifty moves
1% move in Ultratech Cement = 4.77 points in nifty moves
1% move in Tata Steel = 2.26 points in nifty moves
1% move in HCL tech = 3.1 points in nifty moves
1% move in Wipro = 3.5 points in nifty moves
1% move in Idea = 1.66 points in nifty moves
1% move in coal India = 2.10 points in nifty moves
1% move in zee = 0.81 points in nifty moves
1% move in Sunpharma = 2.98 points in nifty moves
1% move in Bosch = 2.14 points in nifty moves
1% move in Bajaj Auto = 2.86 points in nifty moves
1% move in Heromoto= 1.98 points in nifty moves
1% move in ACC = 0.95 points in nifty moves
1% move in Axis bank = 3.52 points in nifty moves
1% move in Indusind bank = 3.18 points in nifty moves
1% move in SBI = 5.88 points in nifty moves
1% move in Cipla = 1.44 points in nifty moves
1% move in Tech Mahindra = 3.17 points in nifty moves
1% move in Hindustan Unilever= 6.04 points in nifty moves
1% move in Ntpc = 2 points in nifty moves
1% move in Yes bank = 2.13 points in nifty moves
1% move in Bank of Baroda = 1.88 points in nifty moves
1% move in Ambuja = 1.74 points in nifty moves
1% move in Asian paints = 1.17 points in nifty moves
1% move in Adani ports = 1.35 points in nifty moves
1% move in Reliance Industries = 8.75 points in nifty moves
1% move in Gail = 1.77 points in nifty moves
1% move in Grasim = 2.34 points in nifty moves
1% move in Kotak Bank = 4.32 points in nifty moves
1% move in Tata power = 0.83 points in nifty moves
1% move in Bharti Airtel = 2.8 points in nifty moves
1% move in Bhel = 1.55 points in nifty moves
1% move in cairn India = 1.62 points in nifty moves
1% move in Bpcl = 3.5 points in nifty moves
1% move in M&M = 3.24 points in nifty moves
1% move in Pnb = 2.74 points in nifty moves
1% move in Power Grid = 0.87 points in nifty moves
Grt Information