Finally, the Indian stock market index the Sensex passed through the 12,000 point barrier. On a rolling 12 month period the index is up an astonishing 96.1%, no I didn’t fat finger the number it really was 96.1%. The Sensex is an index similiar to the Dow Jones Industrial Average (DJIA) in that it takes 30 stocks (in India they are called scrips) and creates a barometer of the Indian capital markets. More info on the Sensex index.
So why the term “Sensex”? The full name of the index is Bombay Stock Exchange Sensitive Index. The abbreviated form “Sensex” was coined by Deepak Mohoni around 1990 while writing market analysis columns for some of the business newspapers and magazines.