What is nifty and Sensex?

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The Sensex, also called the BSE 30, is a stock market index of 30 well-established and
financially sound companies listed on Bombay Stock Exchange (BSE).
30 companies are selected based on the free float market capitalization. These are
different companies from the different sectors representing a sample of large, liquid, and
representative companies.

The base year of Sensex is 1978-79 and the base value is 100.
It is an indicator of market movement.
If Sensex go up, it means that most of the stocks in India went up during the given period.
If the Sensex goes down, this tells you that the stock price of most of the major stocks on
the BSE have gone down.

The NIFTY 50 index is National Stock Exchange of India’s benchmark stock market
index for Indian equity market. Nifty is owned and managed by India Index Services and
Products (IISL).

The base year is taken as 1995 and the base value is set to 1000.
Nifty is calculated on 50 stocks actively traded in the NSE
50 top stocks are selected from 24 sectors.