BSE launches ‘BSE power index’

BSE launches ‘BSE power index’

In the continued efforts of providing quality benchmarks, BSE announces launch of ‘BSE Power Index’ on the eve of ‘Festival of Light’. The index aims to track the performance of companies engaged into the business of generation, transmission, distribution of electricity, companies providing power infrastructure, and manufacturers of equipments required for power generation.

Salient features of BSE Power index are as follows:

Base Date: 3 January 2005

Base Index Value: 1000

Calculation Methodology: Free-float Methodology

No. of Scrips on launch date:14

Historical Values: Available since 3 January 2005

Represents about 90% market capitalisation of power sector companies from the list of BSE-500 index

The index would be calculated and disseminated on a real time basis through BSE’s trading terminal BOLT, BSE website and datafeed vendors effective 9 November 2007.

Presently BSE calculates and disseminates on a real time basis the sectoral indices such as BSE Auto, BSE Bankex, BSE Capital Goods, BSE Consumer Durables, BSE FMCG, BSE Healthcare, BSE IT, BSE Metal, BSE Oil & Gas, BSE Realty, BSE TECk.

Constituents of BSE Power Index as on 8 Nov 2007