Professional Documents
Culture Documents
Ankit Shah
PGDM 09-11 (Finance)
Roll No. 139
BSE BANKEX Index
Bombay Stock Exchange Limited launched "BSE BANKEX Index" on 23 June 2003. This
index consists of major Public and Private Sector Banks listed on BSE. The BSE B
ANKEX Index is displayed on-line on the BOLT trading terminals nationwide.
Objective:
a. An Index to track the performance of listed equity of Banks.
b. A suitable benchmark for the Central Government to monitor its wealth on the
bourses.
Features:
A few important features of the BANKEX are given below:
• BANKEX tracks the performance of the leading banking sector stocks listed on the
BSE
• BANKEX is based on the free-float methodology of index construction
• The base date for BANKEX is 1st January 2002.
• The base value for BANKEX is 1000 points
• BSE has calculated the historical index values of BANKEX since 1st January 2002.
• 14 stocks which represent 90 percent of the total market capitalization of all b
anking sector stocks listed on BSE are included in the Index
• The Index is disseminated on a real-time basis through BSE Online Trading (BOLT)
terminals.
• Stocks forming part of the BANKEX along with the particulars of their free-float
adjusted market capitalization are listed below.
Script Selection Criteria for BSE BANKEX :
Eligible Universe
Scripts classified under the banking sector that are present constituents of BSE
-500 index form the eligible universe.
Trading Frequency
Scripts should have a minimum trading frequency of 90% in preceding three months
.
Market capitalization
Scripts with minimum market capitalization coverage of 90% in banking sector bas
ed on free-float final rank form the index.
Buffers
Buffer of 2% both for inclusion and exclusion in the index is considered so that
movements in and out of the index are minimized. For example, a company can be
included in the index only if it falls within 88% coverage and an existing index
constituent cannot be excluded unless it falls above 92% coverage. However, the
above buffer criterion is applied only after the minimum 90% market coverage is
satisfied.
SENSEX Constituents (Composition revised from 13 Oct 2010)
Last updated on Wednesday, October 13, 2010
Scrip Code Company Close Price Full Mkt. Cap.
(Rs. crore) Free-Float Adj. Factor Free-Float Mkt. Cap
(Rs. crore) Weight in Index
(%)
532174 ICICI BANK L
1,160.10 133,132.65 1.00 133,132.65 27.97
500112 STATE BANK O
3,304.90 209,860.53 0.45 94,437.24 19.84
500180 HDFC BANK LT
2,441.40 112,940.35 0.80 90,352.28 18.98
532215 AXIS BANK
1,588.70 64,952.60 0.65 42,219.19 8.87
532461 PUNJAB NATBK
1,349.10 42,537.46 0.45 19,141.86 4.02
500247 KOTAK BANK
520.20 38,125.77 0.50 19,062.88 4.00
532134 BANK OF BARO
968.35 35,273.75 0.50 17,636.87 3.71
532149 BANK OF INDI
556.00 29,199.75 0.40 11,679.90 2.45
532187 INDUS IND BK
268.80 12,397.56 0.75 9,298.17 1.95
532648 YES BANK
352.85 12,182.00 0.75 9,136.50 1.92
532477 UNION BANK
396.95 20,050.66 0.45 9,022.79 1.90
532483 CANARA BANK
638.55 26,180.55 0.30 7,854.17 1.65
500469 FEDERAL BANK
435.35 7,442.09 1.00 7,442.09 1.56
500116 IDBI BANK L
162.25 15,972.08 0.35 5,590.23 1.17
TOTAL 760,247.80 476,006.82