KNOW WHAT IS SENSEX AND NIFTY !

We daily hear words like "Sensex" and "Nifty" when we watch the news. These words are also related to the market but have you ever imagined what is the meaning of Sensex and Nifty? In this article we will understand the meaning of these two words with respect to the economy. 

There are thousands of listed companies in the stock exchange (Stock exchanges allow investors to buy and sell shares of a company among each other in a regulated and legitimate space.) in India. And, it is not at all easy to track every single stock. Therefore, a smaller sample is calculated which acts as a representative of the whole market. This small sample is called Index (in other words, indicator) and it helps in the measurement of the value of a section of the stock market. The index is computed from the prices of selected stocks. 

Sensex and Nifty are the two important indicators that are used to measure the behavior of the market. These market indices are known as a standard for portfolio performance. SENSEX (Sensitive Index) and NIFTY (Net Index of Fifty) are the benchmark index of India.

SENSEX:

Sensex, also called BSE 30, is the market index consisting of 30 well-established and financially sound companies listed on the Bombay Stock Exchange (BSE).BSE can revise this list of 30 with respect to time. So, if Sensex fluctuates, it reflects on the economy as well. For example, if Sensex goes up people become more interested in buying stocks because they think that economy is going to grow. But, if Sensex goes down, people tend to stop investing in the economy.

Let us understand it with an example, it is like trying to determine the ‘intelligence’ of a class of 500 students across various courses by taking the average marks of Top 30 students. The average result might be good but this may not necessarily be so. For better results we need to compare the averages across a period of time, or across classes as it is more helpful rather than looking at the average as a stand-alone factor.

NIFTY:

Nifty, also called NIFTY 50, is the market index consisting of 50 well-established and financially sound companies listed on the National Stock Exchange of India (NSE). Nifty Index constitutes of 50 companies that are considered to be the nation's economy movers and shakers. Each of the 50 companies contributes some weightage to the Nifty Index and its fall and rise indicate the condition of our economy.

It is just like the fuel indicator of your vehicle. When the fuel Indicator is in the Red zone, you understand that your fuel tank is about to be empty and you need to refill it or else your vehicle will stop running. In the same way, when you are filling up your tank and the Indicator turns full in Green zone, you understand your tank is full and you should stop filling it or else it will spill out of the tank.

WHY DO WE NEED THESE INDICATORS?

The rise and fall of an index would reflect the composite performance of all these companies, and in turn it is the representative of the whole market. It is the barometer of the economy. Indices can be constructed to track the performance of stocks, bonds, currencies, volatility, prices amongst many other things.

DIFFERENCE BETWEEN SENSEX AND NIFTY:

Thank you for reading the article.

5 INTERESTING FACTS RELATED TO MECHANICAL ENGINEERING THAT BLOWS YOUR MIND

1. A Indian King took revenge on Rolls-Royce by using their cars to transport city's waste.

One day during his visit to London, King Jai Singh was walking in casual dress in Bond Street. He saw a Rolls Royce showroom and went inside to inquire about the Price and Features etc of their cars. Considering him a just another Poor Indian citizen, showroom salesmen insulted him and almost showed him the way out of the showroom. After this insult, King Jai Singh came back to his Hotel room and asked his servants to call the showroom that King of Alwar city is interested in purchasing their few Cars. After few hours King reached the Rolls Royce showroom again but with his full astonishing royal manner and in his royal costume. Until he reached the showroom there was already red carpet on the floor and all the salesmen were bent with respect. The King purchased all the six cars that they had at showroom at that time and paid full amount with delivery costs. After reaching India, King ordered municipal department to use all those six Rolls Royce cars for cleaning and transporting city’s waste. World’s number one Rolls Royce cars were being used for transportation of City’s waste, the news spread all over the world rapidly and the reputation of Rolls Royce Company was in drains. Whenever someone used to boast in Europe or America that he owned a Rolls Royce, people used to laugh saying, “which one? The same that is used in India for carrying the waste of the City?” Due to such reputation damages, sales of Rolls Royce dropped rapidly and revenue of company owners started falling down. Then they sent a Telegram to the king in India for apologies and requested to stop transportation of waste in Rolls Royce cars. Not only this but they also offered Six new cars to king free of cost. When King Jai Singh observed that Rolls Royce has learnt a lesson and they are sorry for their mistakes, king stopped using those cars for carrying wastes. 


2.The “Traub,” the rarest motorcycle in the world

The “Traub,” the rarest motorcycle in the world, was found behind a brick wall in Chicago in 1968, and still runs to this day.

An examination from Dale Walksler, the current owner, reveals it can be dated back to 1916. The engine’s technology was well ahead of its time, and even some mechanisms on it had never used on any other American motorcycle.

3.Hitler designed the prototype of Beetle design for Volkswagen

Sitting at a restaurant table in Munich in the summer of 1932, Hitler designed the prototype for what would become the immensely successful Beetle design for Volkswagen (literally, the "car of the people"). In an era where only the most economic elite possessed cars, Hitler believed that all people should be able to own a car and additionally thought that a smart design could allow for reliability, enjoyment, and vacation travel. The name given to the car in 1938 was Kraft durch Freude (KdF-Wagen, literally "strength through joy car"

4.The first car accident

The first car accident occurred in 1891, in Ohio.

5.The Four Rings in the AUDI Logo represent the FOUR companies of  AUTO UNION

By 1932, the name fiasco between Horch the man, and Horch the company was water under the bridge. Horch (the company) and Audi entered an agreement along with two other German car manufacturers, DKW and Wanderer, to form Auto Union. The four rings, which Audi still uses today, originally represented the four companies of Auto Union.

TOP 10 QUALITIES OF A GREAT ENGINEER

Engineers are responsible for some of the greatest inventions and technology the world depends on. Everything from space shuttles to air conditioning systems to bridges requires the work of an engineer. To be successful in the field of engineering, one must have certain qualities. Some of those top qualities include:

Possesses a Strong Analytical Aptitude: A great engineer has excellent analytical skills and is continually examining things and thinking of ways to help things work better. They are naturally inquisitive.

Shows an Attention to Detail: A great engineer pays meticulous attention to detail. The slightest error can cause an entire structure to fail, so every detail must be reviewed thoroughly during the course of completing a project.

Has Excellent Communication Skills: A great engineer has great communication skills. They can translate complex technical lingo into plain English and also communicate verbally with clients and other engineers working together on a project.

Takes Part in Continuing Education: A great engineer stays on top of developments in the industry. Changes in technology happen rapidly, and the most successful engineers keep abreast of new research and ideas.

Is Creative: A great engineer is creative and can think of new and innovative ways to develop new systems and make existing things work more efficiently.

Shows an Ability to Think Logically: A great engineer has top-notch logical skills. They are able to make sense of complex systems and understand how things work and how problems arise.

Is Mathematically Inclined: A great engineer has excellent math skills. Engineering is an intricate science that involves complex calculations of varying difficulty.

Has Good Problem Solving Skills: A great engineer has sharp problem solving skills. An engineer is frequently called upon solely to address problems, and they must be able to figure out where the problem stems from and quickly develop a solution.

Is a Team Player: A great engineer understands that they are part of a larger team working together to make one project come together successfully, and therefore, must work well as part of that team.
Has Excellent Technical Knowledge: A great engineer has a vast amount of technical knowledge. They understand a variety of computer programs and other systems that are commonly used during an engineering project.

10 SKILLS EVERY MECHANICAL ENGINEER SHOULD HAVE !!

These are the skills a good mechanical engineer should possess.|

1. Excellent Designing skill. One should be able to design a mechanical system perfectly, beautifully and with high stability. Eg, say design chassis for car?



2. Ok, now not only Designing, one must have Good Analytical Skill

He must know how to analyze each component in a mechanical system, like to detect flaws, solve problems etc. How to do cost-benefit analysis? How to Qualitative analysis and Quantitative analysis!



3. After analysis? What? OPTIMIZATION.! 
Yes, ofcourse optimization is required anyhwere to make a system work with more efficacy. SO, he must be optimistic and optimize the system!



3. Should be good in softwares like AutoCAD, SOLIDWORKS, CATIA, ANSYS, LOTUS etc. Yes, all the softwares.



4. Thorough with Basics of everything of your Engineering Field.. Yes, actually fundamentals are very tough because many took it as it is to mind without even thinking about it. (esp subjects like, Automobile, Thermodynamics, Fluid dynamics and mechanics, Material Science, Metallurgy, Structural Engineering, etc)

Without understand fundamentals, we study something tough/higher level,and we call these fundamentals as ‘basics’, which is not supposed to be called. THis is very important, will yield better understanding, or you may even become a scientist ?!

5. Good problem solving skills and decision making skills. Where ever one goes, one has to take good decisions and solve problems, esp in a company. It should distrupt others very less, and should be of more efficacy.

So this is essential. To develop this, |
-> Prepare for Aptitude (Verbal, Reading, Quants, Data interpreations & Logical reasoning )
By preparing this aptitude, you acquire good skills intuitively. This will also help you in cracking interviews, but ultimate purpose is to find a person who is good with these skills.|
So, before starting, know why! and then prepare.! This will drive you like anything!



6. These days every system is integrated. Say, mechanical is automated. So,

Skills like,

a) Coding skill (C/C/++)
b) Embedded systems,
c) Mechatronics, are essential.

If possible, build your skill by availing more knowledge on basic Embedded coding like Arudino, PIC controllers and learn to build any small system like Line follower robots, or any mini project based on that. This is essential

7. Good Negotiation skill.

8. Good marketing and advertising Skill.

9. Fundamentals Project Management must be known for all engineers, obvious for mechanical engineers too. Making reports, charts like Gantt etc, are important.

10. Learn to sell yourself. If you can sell yourself, you can sell anything. Mechanical engineers should posses high Intergrity and confidence.



This is important as mechanical engineers will be working with engineers of all other domains. Develop good ethics . Good communication skill is required. Good English. Overall, develop your personality.