Question

The National Stock Exchange Index is ___________
1. Sensex
2. Bankex
3. Rolex
4. Nifty

Answer 1

Correct Answer - Option 4 : Nifty

The correct answer is Nifty.

• The National Stock Exchange Index is Nifty.

• The National Stock Exchange is a  government-owned stock exchange in India.
• It is located in Mumbai, Maharashtra.
• It was established in 1992.
• It uses NIFTY 50 as its index.
• Nifty was introduced by NSE on April 21, 1996.
• It represents the weighted average of 50 Indian Company Stocks across 24 sectors, which account for around 60% of the market capitalization.
• Sensex was introduced by NSE on January 1, 1986.
• It represents the weighted average of 30 Indian Company Stocks across 13 sectors.
• Difference between Nifty and Sensex-
  • Nifty is operated by India Index Services and Products, which is a subsidiary of the National Stock Exchange of India (NSE).
  • Sensex is operated by the Bombay Stock Exchange (BSE). 

• Bombay Stock Exchange (BSE):
  • It is Asia's oldest stock exchange.
  • It was established in the year 1875.
  • It is the world's 7th largest stock exchange.