What is bse index or sensex?

The BSE Index, commonly known as the Sensex, is a Stock Market index that tracks the performance of 30 of the largest and most actively traded companies listed on the Bombay Stock Exchange (BSE) in India. It serves as a barometer for the overall health of the Indian stock market and economy. The index is weighted by free float market capitalization, meaning it reflects the market value of shares available for trading. Changes in the Sensex provide insights into market trends and investor sentiment.