Stock Exchange Mumbai
On Friday, the benchmark of the Bombay Stock Exchange closed at 17998.41 from its previous close at 18226.35 points. Likewise Nifty closed at 5408.7 points. Selling pressure built up late at Indian equities markets, pushing a benchmark index 227 by points down below the psychological 18,000-level. The correction in the market was broad-based.
Know your Stock Exchange
On Friday, the benchmark of the Bombay Stock Exchange closed at 17998.41 from its previous close at 18226.35 points. Likewise Nifty closed at 5408.7 points. Selling pressure built up late at Indian equities markets, pushing a benchmark index 227 by points down below the psychological 18,000-level. The correction in the market was broad-based. Nifty, a free float market capitalization index, is the leading index for large companies on the National Stock Exchange of India. It consists of 50 companies representing 24 sectors of the economy. The base level is defined as 1000 on November 3, 1995. In January 2005, its level was almost 2000.
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