Sensex and Nifty are two large cap indices of the country's two separate stock exchanges such as the Bombay Stock Exchange and the National Stock Exchange. These are just statistical data that how changes in stock market can be measured. The Sensex index or Sensex is a stock market index indicator for BSE. It is sometimes known as the BSE Sensex.
Analysts and investors use the Sensex to observe the overall growth, development of particular industries, and booms and busts of the Indian economy. Some of the highest priced shares listed on the Sensex, as of July 2016, include those of ACC (cement and cement products), HDFC Bank (banking), Housing Development Finance Corporation (finance and housing), Infosys Technologies (computer software), Larsen & Toubro (engineering), Mahindra & Mahindra (automobiles), Maruti Suzuki India (automobiles) and Tata Consultancy Services (computer software).
When weighing the impact of a company on the index, the index is calculated based on the free-float capitalization method. But instead of using the company's outstanding shares, it uses its float, shares which are easily available for business. Therefore, free-float method does not include restricted stocks, such as organized by insiders, who can not be easily sold.
Float is money in the banking system that is briefly counted twice due to delays in processing checks. Float is created when a bank credits a customer’s account as soon as a check is deposited. However, it takes some time for the check to be received from the payer’s bank. Until the check clears from the payer’s bank, the amount of the check appears in the accounts of both the recipient’s and payer’s banks.
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