Days Range
| Company | LTP | Change | Day Range | 
|---|
| Sector Name | Advances | No Change | Declined | 
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As everyone knows, the Indian stock market basically operates using the two major stock exchanges that are the Bombay Stock Exchange and the National Stock Exchange. Most major companies are listed on both stock exchanges. BSE is the older one, but NSE is the leading stock exchange. The trading mechanism and hours are the same for the two of them.
The two prominent market indexes are Sensex and Nifty. Sensex is the oldest market equity and includes the shares of the top 30 firms listed on BSE. On the other hand, Nifty includes the shares of firms listed on the NSE.
The S&P BSE Sensex NEXT 50 index is a transparent, rules-based index that is designed to measure the performance of the next 50 largest and most liquid stocks after the constituents of S&P BSE SENSEX and LARGEMIDCAP.
This index helps the traders in making an informed decision when choosing to invest in stocks. It helps the traders weigh the risk of buying various stocks and the returns one can expect from the same. Sensex helps monitor the growth, development, and expected returns from a company. The value of the S&P BSE SENSEX NEXT 50 index changes with a change in the BSE SENSEX NEXT 50 share price.
The BSE SENSEX NEXT 50 index is designed to measure the performance of the next 50 largest and the most liquid stocks in the BSE. The companies featured here are selected on various criteria, including whether the company is large, mid, or small-cap and whether they have ample liquid funds or not, along with a healthy balance sheet.
The BSE SENSEX NEXT 50 list is based on a float-adjusted market capitalization basis rather than the earlier used weight-adjusted one. Now, only the most liquid shares available in the market are taken into calculations, thus cutting off the dead weight. This makes all the indices more accurate.
For any company to be considered a part of this list, the following criteria are followed-
For calculating the BSE SENSEX NEXT 50 share price, the following formula can be used-
BSE SENSEX NEST 50 Share Price = Total Free-Float Market Capitalisation x Base Index Value / Base Market Capitalisation
Here, the free-float market capitalization can be calculated as-
Free float market capitalisation= Market capitalisation * Free Float Factor
The total market value of the company constitutes market capitalization. The SENSEX NEXT 50 list changes almost regularly and needs to be constantly monitored in case you wish to trade stocks. It helps you make an informed choice after considering the pros and cons of the same.