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.

The Salient features of BSE Power index are as follows:

Base Date: January 3, 2005
Base Index Value: 1000
Calculation Methodology: Free-float Methodology
No. of Scrips on launch date: 14
Historical Values: Available since January 3, 2005
This represents about 90% market capitalisation of power sector companies from the list of BSE-500 index.

The Constituents of BSE Power Index as on 08/11/2007 are Bharat Heavy Electricals Ltd, NTPC Ltd, Reliance Energy Ltd, Suzlon Energy Ltd, Tata Power Co. Ltd, ABB Ltd, Siemens Ltd, Crompton Greaves Ltd, Power Grid Corporation Of India Ltd, GVK Power & Infrastructure Ltd, GMR Infrastructure Ltd, Torrent Power Ltd, Areva T&D India Ltd, CESC Ltd.

Bharat Heavy Electricals Ltd, NTPC Ltd and Reliance Energy Ltd have the highest weightage in the index with BHEL having the highest followed by the other two respectively. These 3 stocks together forms almost 50% weightage of the 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 November 9, 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.

Source : Equity Bulls

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