Bombay Stock Exchange (BSE) & SENSEX : A General Idea

What is Bombay Stock Exchange (BSE)?

The Bombay stock exchange (BSE) is the oldest stock exchange in Asia. Earlier, the BSE was named as “The Native Share & Stock Brokers Association,” which was established in 1875. It is the first stock exchange in India to be incorporated under the Security Contracts (Regulation) Act 1956. The BSE is located on Dalal Street in Mumbai and is managed by its Board of Directors comprising of eminent people from the industries and commerce and also headed by the Managing director and CEO. As on Dec 2010, there are over 5034 listed Indian companies and over 7700 scrips on the Bombay stock exchange (BSE) with market capitalization of US$1.63 trillion. It is also known as “BSE-30″, and the main objective is to provide a market platform for the sale and purchase of security evidencing the ownership of business property or of a public or business debts.

The SENSitive indEX of BSE (Bombay Stock Exchange) is known as SENSEX. It is basically an indicator of all the major companies of the Asia’s oldest stock exchange i.e. BSE. If SENSEX goes up, it indicates that the prices of all the top and actively traded stocks in the BSC have gone up. And on the contrary, if SENSEX goes down, it indicates that the prices of all the top and actively traded stocks in the BSC have gone down.  SENSEX consists of thirty top-traded stocks in Bombay Stock Exchange, which may vary from time to time depending on many factors considered by BSC. A SENSEX thirty stock list is as follows:-

SENSEX or BSE-30 STOCK LIST BY SEP 2010

01.  ACC Ltd : CEMENT AND CEMENT PRODUCTS

02. Bharti Airtel Ltd : TELECOMMUNICATION – SERVICES

03.  BHEL : ELECTRICAL EQUIPMENT

04.  Cipla Ltd : PHARMACEUTICALS

05.  DLF Ltd : CONSTRUCTION

06.  HDFC (Housing Development Finance Corporation Ltd) : FINANCE – HOUSING

07.  HDFC Bank Ltd : BANKS

08.  Hero Honda Motors Ltd : AUTOMOBILES – 2 AND 3 WHEELERS

09.  Hindalco Industries Ltd : ALUMINIUM

10.  Hindustan Unilever Ltd : DIVERSIFIED

11.  ITC Ltd : CIGARETTES

12.  ICICI Bank Ltd : BANKS

13.  Infosys Technologies Ltd : COMPUTERS – SOFTWARE

14.  Jindal Steel: IRON AND STEEL

15.  JP Associate: CONSTRUCTION AND ENGINEERING

16.  Larsen & Toubro Ltd : ENGINEERING

17.  Mahindra & Mahindra Ltd : AUTOMOBILES – 4 WHEELERS

18.  Maruti Suzuki India Ltd : AUTOMOBILES – 4 WHEELERS

19.  NTPC Ltd : POWER

20.  Oil & Natural Gas Corporation Ltd(ONGC) : OIL EXPLORATION/PRODUCTION

21.  Reliance Communications Ltd : TELECOMMUNICATION – SERVICES

22.  Reliance Industries Ltd : REFINERIES

23.  Reliance Infrastructure Ltd : POWER

24.  State Bank of India : BANKS

25.  Sterlite Industries (India) Ltd : METALS

26.  Tata Consultancy Services Ltd(TCS) : COMPUTERS – SOFTWARE

27.  Tata Motors Ltd : AUTOMOBILES – 4 WHEELERS

28.  Tata Power Co. Ltd : POWER

29.  Tata Steel Ltd : STEEL AND STEEL PRODUCTS

30. Wipro Ltd : COMPUTERS – SOFTWARE

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