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BSE announces the launch of a new BSE IPO index that will track the value of companies for two years after listing subsequent to successful completion of their initial public offering (IPO).
Robust growth of the Indian economy at 6.7% in 2008-09, and the expectation of higher growth in the future are expected to boost the primary market. For this and other reasons, it is an appropriate time to introduce to the market an indicator that will track primary market conditions in the Indian capital market.
BSE continues to introduce index innovations with the launch of the IPO index, by introducing ceiling (capping) on weightings of index constituents. Market capitalisation weightings of index constituents will be limited to 20%. If a constituent’s market capitalization would result in a higher weighting, the company’s weight will be suitably adjusted to ensure that no single company has a weight in excess of 20% in the index. However, between any rebalancing, weightage of any index constituent can exceed 20%.
Summary of guidelines followed for BSE IPO index are as follows:
1. A company seeking listing on the Exchange after completion of IPO shall be considered eligible for inclusion in the index. Follow-on public issues shall not be considered for inclusion in the index.
2. A scrip must have the minimum free-float market capitalisation of Rs. 100 crores on its first day of listing
3. A scrip will be included in the index on the third day of its listing (T+2) subject to fulfillment of the minimum free-float market capitalisation criteria stated above.
4. A scrip will be excluded from the index on the second Monday of the month after completion of two years of listing.
5. At all time a minimum of 10 scrips shall be maintained in the index. In case, there are less than 10 companies on account of possible exclusion after two years, the exclusion of such company shall be delayed till such time new inclusion is made in the index.
6. The maximum weight of any scrip shall be capped at 20%. The constituent weightage shall be reviewed at the time of inclusion/ exclusion of a scrip and on monthly rebalancing. However, between any rebalancing, weightage of any index constituent can exceed 20%
7. Base date of the index is May 3, 2004; while base index value is set to 1000 points. Index value on August 21, 2009 is 1901.67.
8. The index would be calculated and disseminated on a real-time basis through BOLT effective August 24, 2009 and shall also be available on our website.
9. The list of index constituent is attached as a separate annexure.
Tuesday, August 25, 2009
Bombay Stock Exchange launches BSE IPO index
Monday, August 24, 2009
BSE SENSEX closes 354 pts up | NIFTY up by 97 pts
BSE's SENSEX rose a whopping 354 pts at closing today as economic environment and recession seems to be ending, National Stock exchange's NIFTY closed up by 97 pts today as investors brought huge numbers of shares. Investor's also became richer by 1.07 lakh crores by today end.
Bombay Stock Exchange’s Sensex closed at 15595.77, up 354.94 points or 2.33 per cent. The 30-share index hit a high of 15676.35 and low of 15362.93.
National Stock Exchange’s Nifty ended at 4625.80, up 97 points or 2.14 per cent. The index touched an intra-day high of 4656.30 and low of 4536.95.
BSE Realty Index gained 4.65 per cent, BSE Capital Goods Index moved 3.33 per cent higher and BSE FMCG Index advanced 3.16 per cent. BSE Midcap Index was up 2.54 per cent and BSE Smallcap Index moved 2.77 per cent higher.
Market breadth was extremely positive with 2017 advances against 740 declines.
Sunday, August 23, 2009
9 Sectoral Indexes perform better then BSE SENSEX
The broader market index, Sensex gave returns of nearly 10 per cent in the reviewed period to close at 15,240.83 points at the end of the Friday's trade on the BSE.
The IT index led the gains with a healthy return of 29 per cent during the period between May 21 and August 21, 2009. The IT index closed at 3,954.18 points.
Other key indices which outperformed the Sensex with a significant margin include, Auto (20.47 per cent), Metal (20.18 per cent) and FMCG (18 per cent).
Meanwhile, the three sectoral indices which underperformed the key index were, Bankex (with returns of 7.22 per cent), Power (6.58 per cent) and PSU (7.17 per cent).
The only index which gave negative return was the Oil&Gas index which lost nearly two per cent during the period under review.
Other, indices which gave good returns includes Realty (14.23 per cent), Teck (15.83 per cent), CG (13.51 per cent), HC (12.42 per cent), CD (16.83 per cent).
Thursday, August 20, 2009
BSE SENSEX | NSE NIFTY closes in green thanks to cues from asian markets
(posted under - BSE rates, SENSEX rates) - The bench mark index BSE's SENSEX closed a whopping 202 pts up today as all the major asian markets were seen up hence investor's became bullish. Bombay Stock Exchange’s Sensex closed at 15,012.32, up 202.68 points or 1.37 per cent. It touched a high of 15145 and low of 14928.18.
Related posts -
August SENSEX | NIFTY closing rates
Nifty ended at 4453.45, up 59.35 points or 1.35 per cent. The index touched an intra-day high of 4492.80 and low of 4394.35.
Markets breadth was positive and it had 1525 advances against 1145 declines.
Wednesday, August 19, 2009
BSE SENSEX | NIFTY Closing rates - August 2009
Hi all the esteemed visitor's to my blog, this post would show the closing stock rates of Indian Stock markets like the Bombay Stock Exchange(BSE) NIFTY(national Stock exchange, Daily Stock market closing rates are very important for analysis of the market and for investing in stocks. You can also compare the indian markets closing rates with major global markets especially Dow Jones Industrial Average, NASDAQ etc and you may get some cue for the trends (however this may not be correct ever time you think for investing in BSE's SENSEX or NSE's NIFTY.
This post provides closing indices rates for the month of August 2009
the format for display would be as follows :
Stock index name Closing rate change Remarks wrto previous close
Gas and Oil stocks drag SENSEX | NIFTY at closing
(posted under - SENSEX Rates, Nifty closing rates) - All the major indian share markets like BSE SENSEX NIFTY closed in red as oil, gas as well as metal stocks declined detailed closing rates of BSE's SENSEX and NSE NIFTY is as follows :
National Stock Exchange’s Nifty closed at 4399.95, down 58.95 points or 1.32 per cent. The broader index hit a low of 4353.45 and high of 4477.55.
Bombay Stock Exchange’s Sensex ended at 14825.35, down 209.91 points or 1.40 per cent. The index touched an intra-day low of 14684.45 and high of 15096.94.
BSE Midcap Index was down 1.14 per cent and BSE Smallcap Index moved 0.52 per cent lower. in whole trading day BSE with 1469 losers and 1158 gainers.