Nifty Vs SensexNifty Index: Nifty aka Nifty 50 is the index which is used to capture the sentiment of Indian equity markets. The index is the composition of 50 companies and The index is composed of large cap companies following the free float market capitalization methodology. Sensex 30: Sensex is the index capturing the overall market activities at BSE. Sensex is composed of 30 companies and 31 stocks following the free float market capitalization methodology. Although both Sensex and Nifty captures the sentiments of Indian equity markets but there are some differences between Nifty and Sensex.
Difference Between Nifty and Sensex
|Nifty got its name from National Fifty. So the full form of Nifty is National Fifty.
|Sensex derived its name from sensitive index i.e. Sensitive Index is the full form of Sensex.
|Nifty is calculated after considering 50 stocks
|Sensex is calculated after considering 31 stocks
|Nifty covers 24 different sectors
|Sensex captures the sentiments of 12 sectors
|Date of Commencement:
|Nifty was established on April 21, 1996
|Sensex was established on September 1, 2003
|Base year of Nifty is 1995 with the base value of 1000
|Base year of sensex is 1978-79 with the base value of 100
|Trading on Foreign exchanges
|Nifty is traded on Singapore exchanges as SGX Nifty and on Chicago Mercantile Exchange as CME Nifty
|Sensex is traded on Dubai Gold and Commodity Exchange, DGCX
|Nifty is maintained by India Index Services and Products , which is a subsidiary of NSE
|Sensex is maintained by BSE
|NSE market capitalization is around 29%
|Sensex 30 Index share of BSE market capitalization is around 25%