Ticker Info

Indices, commodities and investments are a valuable measure of how an economy, market, industry, or sector performs. Every day (sometimes every minute), people worldwide are glued to their screens to track how well (or not) they’re doing. The logic is simple, if one’s investments outperform the index, one is doing well, and vice versa. With data sourced from Moneycontrol.com everyday, here’s a brief summary of what we track:

GOLD

Gold has been valued worldwide for its beauty, liquidity, investment qualities, and industrial properties for thousands of years now. Typically viewed as a financial asset that maintains its value and purchasing power during inflationary periods, gold is affected by various factors. These factors include the above-ground supply of gold from central bank sales, official gold loans, hedging interest of producers and miners, world macroeconomic factors, including movement in the dollar and interest rate. In India, gold demand is also influenced by seasonality, marriage, and harvesting.

Sensex and Nifty are broad market indices and benchmarks of the equity market. As they represent the entire stock market, any change in these two indices affects the market.

SENSEX

Also known as the sensitivity index, SENSEX is the benchmark index of BSE Limited. It is the most widely tracked equity gauge in India. While SENSEX is the oldest index in the country, the Bombay Stock Exchange, now called BSE Limited, is the oldest exchange in Asia. SENSEX captures the performance of the top 30 largest, most liquid, and financially stable companies from across significant sectors of the Indian economy that are listed on the exchange. The Sensex is managed and operated by a joint venture between BSE and S&P Dow Jones Indices, a global index manager.

NIFTY

The NIFTY 50 is an Indian stock market index. It represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange. The index is computed using the free-float market capitalization method, which is essentially the count of shares in active circulation in the market. The Nifty, just like Sensex, is today used for benchmarking portfolios and returns of mutual fund schemes and launching index funds.

CRYPTOCURRENCY

Bitcoin (BTC)

Bitcoin is a cryptocurrency developed in 2009 by Satoshi Nakamoto, the name given to this virtual currency’s unknown creator (or creators). The bitcoin transactions are verified and records maintained by a decentralized system using cryptography. These transactions are recorded in a blockchain, which shows the transaction history for each unit and proves ownership. Understandably, Bitcoin is different from purchasing a stock or bond because Bitcoin is not a corporation. In our ticker, we use BTC/INR.

Doge (DOGE)

DOGE is an altcoin. Simply put, altcoins are all cryptocurrencies that are not Bitcoin. Bitcoin was the first cryptocurrency and remains significantly larger by market capitalization. Altcoins use Blockchain technology to allow secure peer-to-peer transactions without a centralized authority. Altcoins use the same fundamental technology as Bitcoin. However, they have slightly different rules and protocols on their networks. In our ticker, we use DOGE/INR.

*Stock data as of the market close, cryptocurrency data as of 6:00pm IST.

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