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
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