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The NIFTY 50 index is a free float market capitalisation-weighted index.. Stocks are added to the index based on the following criteria: [1] Must have traded at an average impact cost of 0.50% or less during the last six months for 90% of the observations, for the basket size of Rs. 100 million.
Chart of S&P BSE SENSEX monthly data from January 1991 to May 2013. The following is a timeline on the rise of the SENSEX through Indian stock market history. 1000, 25 July 1990 – On 25 July 1990, the SENSEX touched the four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results.
Calcutta Time was one of the two official time zones established in British India in 1884. It was established during the International Meridian Conference held at Washington, D.C. in the United States. It was decided that India had two time zones: Calcutta (now Kolkata) would use the 90th meridian east and Bombay (now Mumbai) the 75th meridian ...
India uses only one time zone (even though it spans two geographical time zones) across the whole nation and all its territories, called Indian Standard Time (IST), which equates to UTC+05:30, i.e. five and a half hours ahead of Coordinated Universal Time (UTC). India does not currently observe daylight saving time (DST or summer time).
The Indian Standard Time was adopted on 1 January 1906 during the British era with the phasing out of its precursor Madras Time (Railway Time), [2] and after Independence in 1947, the Union government established IST as the official time for the whole country, although Kolkata and Mumbai retained their own local time (known as Calcutta Time and Bombay Time) until 1948 and 1955, respectively. [3]
NSE's flagship index, the NIFTY 50, is a 50 stock index that is used extensively by investors in India and around the world as a barometer of the Indian capital market. The NIFTY 50 index was launched on April 22, 1996 by NSE with a base value of 1000 on the base date of Nov 3, 1995.
In 1860, editor Robert Knight (1825–1892) bought the Indian shareholders' interests, merged with rival Bombay Standard, and started India's first news agency. It wired Times dispatches to papers across the country and became the Indian agent for Reuters news service. In 1861, he changed the name from the Bombay Times and Standard to The Times ...
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