BSE New Index: BSE’s wholly-owned subsidiary Asia Index Private Ltd has officially launched 3 new indices.
BSE New Index: BSE’s wholly-owned subsidiary Asia Index Private Ltd has officially launched 3 new indexes. These indexes are BSE SENSEX Sixty 65:35, BSE SENSEX 60 and BSE Power and Energy Index.
The BSE SENSEX Sixty 65:35 Index is a strategic index comprising components of both BSE SENSEX and BSE SENSEX Next 30 in the ratio of 65:35. The index is composed of 60 components, which collectively represent more than 55% of the total free float market cap of all listed entities in India. This ratio is specifically designed to provide slightly higher exposure to the next 30 components than the traditional free float market cap methodology.
BSE SENSEX 60 Index
On the other hand, the BSE SENSEX 60 index comprises the components of the BSE SENSEX and BSE SENSEX Next 30 according to their free float market cap. Both the indices have a base value of 10,000 and their first value date is fixed as 23 June 2014. They are reconstituted on a half-yearly basis and rebalanced on a quarterly basis. Additionally, USD variants are also available i.e. BSE SENSEX Sixty USD and BSE SENSEX Sixty 65:35 USD.
BSE Power and Energy Thematic Index
The BSE Power and Energy thematic index tracks the performance of companies in the ‘Energy’ and ‘Utility’ sector in the BSE 500. It reflects the performance of the components of these sectors with a weightage. The index, constructed with a base value of 1000 as on 31 December 2013, is reconstituted every 6 months and rebalanced on a quarterly basis. The weightage of stocks is determined by free-float market cap, with each stock being limited to 15% in the index. In addition, there is also a USD variant known as BSE Power and Energy USD.
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