Which is the oldest market index for equities in India?
Q. Which of the following statements is/are correct about Indian market indexes?
1. Nifty is the oldest market index for equities.
2. Nifty includes 50 shares listed on the NSE.- Published on 11 Sep 15a. Only 1
b. Only 2
c. Both
d. None
ANSWER: Only 2
The two prominent Indian market indexes are Sensex and Nifty. Sensex is the oldest market index for equities; it includes shares of 30 firms listed on the BSE, which represent about 45% of the index's free-float market capitalization. It was created in 1986 and provides time series data from April 1979, onward.
Another index is the S&P CNX Nifty; it includes 50 shares listed on the NSE, which represent about 62% of its free-float market capitalization. It was created in 1996 and provides time series data from July 1990, onward.
