Full Form Of SENSEX
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What is the full form of SENSEX?
SENSEX stands for Stock Exchange Sensitive Index (also known as Bombay Stock Exchange), the oldest stock exchange in India. It is a free-float, economy-weighted index that consists of 30 organizations. Also branded as Blue chip companies in India, these 30 corporations represent various industries of India, are financially stable and well-established, and have the highest traded stocks.
Corporate list Mentioned in SENSEX
There are certain criteria like economic well-being and efficiency that help in the selection of the thirty enterprises that comprise SENSEX Following is the list of these 30 companies:
- INFOSYS LTD.
- TATA CONSULTANCY SERVICES LTD.
- RELIANCE INDUSTRIES LTD.
- ICICI BANK LTD.
- HDFC BANK LTD.
- HCL TECHNOLOGIES LTD.
- BHARTI AIRTEL LTD.
- INDUSIND BANK LTD.
- STATE BANK OF INDIA
- LARSEN & TOUBRO LTD.
- TECH MAHINDRA LTD.
- AXIS BANK LTD.
- ITC LTD.
- BAJAJ AUTO LTD.
- OIL AND NATURAL GAS CORPORATION LTD.
- TATA STEEL LTD.
- NTPC LTD.
- MAHINDRA & MAHINDRA LTD.
- ASIAN PAINTS LTD.
- POWER GRID CORPORATION OF INDIA LTD.
- BAJAJ FINSERV LTD.
- TITAN COMPANY LTD.
- NESTLE INDIA LTD.
- ULTRATECH CEMENT LTD.
- SUN PHARMACEUTICAL INDUSTRIES LTD.
- BAJAJ FINANCE LTD.
- MARUTI SUZUKI INDIA LTD.
- HOUSING DEVELOPMENT FINANCE CORP. LTD.
- HINDUSTAN UNILEVER LTD.
- KOTAK MAHINDRA BANK LTD.
Advantages of SENSEX
Following are the advantages of SENSEX:
1. Offers high visibility and enhances the reputation of a company. It helps raise the market price of any company’s shares and leverages the same valuation.
2. Puts the company on par with the top-performing firms that is a matter of distinction to themselves.
3. Helps raise the share capital of an enterprise.
4. Provides growth opportunities like mergers, expansions, and acquisitions.
5. Provides scope for workers’ efficiency in risk distribution and incentives.
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