State whether true or false. sensex is an index number of 50 shares.
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It is false. Sensex is the benchmark index of stocks in the market. It is composed of the 30 of the most largest and most actively traded stocks in the stock exchange, providing the accurate gauge of economy.
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This statement is false because, BSE Sensex is an index of 30 shares.
Bombay Stock Exchange (BSE) Sensex is the oldest stock exchange in Asia. BSE Sensex is the first stock exchange in India which obtained permanent recognition in 1956 from the Government of India under the Securities Contracts (Regulation) Act (SCRA), 1956. The BSE Sensex is also known as BSE 30. It is free-float market capitilization-weighted stock market index of 30 well established and financially sound companies listed on Bombay Stock Exchange. Usually, large and well established that are representatives of the various industrial sectors are chosen in the BSE 30 index.
Bombay Stock Exchange (BSE) Sensex is the oldest stock exchange in Asia. BSE Sensex is the first stock exchange in India which obtained permanent recognition in 1956 from the Government of India under the Securities Contracts (Regulation) Act (SCRA), 1956. The BSE Sensex is also known as BSE 30. It is free-float market capitilization-weighted stock market index of 30 well established and financially sound companies listed on Bombay Stock Exchange. Usually, large and well established that are representatives of the various industrial sectors are chosen in the BSE 30 index.
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