- Nestlé is one of the most recognisable brands today in the fast-moving consumer goods segment worldwide [FMCG]. But in a shocking development last week, Nestlé India was removed from the BSE Sensex.
While periodic reshuffles are common on both NSE & BSE, brands of Nestlé’s stature are regular fixtures on the stock market. Discover what went wrong in this news story, featuring all the important details.
BSE Sensex: Overview
What it is
Bombay Stock Exchange’s Sensex is one of the two major stock exchanges in India along with the National Stock Exchange [NSE]. Established 39 years ago on 1st January 1986, the word Sensex is a portmanteau of ‘sensitive’ and ‘index’.
Today, the index has a market cap of 151.78 lakh crore.