Sensex Tumbles Amid Global Jitters: Top Gainers & Losers Revealed
The Sensex is a flagship stock-market index for India’s Bombay Stock Exchange. It tracks the performance of 30 large, well-capitalized companies listed on the BSEinvestopedia.comen.wikipedia.org. These companies are selected to broadly represent the Indian economy’s major sectors. Established on Jan. 1, 1986, with a base value of 100en.wikipedia.orginvestopedia.com, the Sensex is widely used by investors to gauge market trends. The term “Sensex” itself is a blend of “sensitive” and “index,” coined in 1989 by analyst Deepak Mohonien.wikipedia.org. The Sensex is float-adjusted, market-cap weightedinvestopedia.comen.wikipedia.org. In other words, each company’s stock price is weighted by its total market value. This means larger companies like HDFC Bank, Reliance Industries, ICICI Bank, Infosys and L&T carry more influence on the indexinvestopedia.com. The index is reviewed semi-annually to add or drop companies, ensuring it stays representative. The goal is to reflect India’s economic activity: banks, IT firms, energy companies, consumer goods and more are all part of Sensexen.wikipedia.orginvestopedia.com.