look news india
BSE New Index: Asia Index Private Limited, a wholly owned subsidiary of BSE, has officially launched 3 new indices. These indices are BSE Sensex Sixty 65:35, BSE Sensex 60 and BSE Power and Energy Index.
BSE Sensex Sixty 65:35 Index is a strategic index consisting of constituents of both BSE Sensex and BSE Sensex Next 30 in the ratio 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 more exposure to the next 30 components than the traditional free float market cap method.
BSE Sensex 60 Index
On the other hand, BSE Sensex 60 Index comprises the constituents of BSE Sensex and BSE Sensex Next 30, ranked according to their free float market cap. The base value of both the indices is 10,000 and their first value date is fixed at June 23, 2014. They are reconstituted on a semi-annual basis and rebalanced on a quarterly basis. Additionally, USD variants are also available, such as BSE Sensex Sixty USD and BSE Sensex Sixty 65:35 USD.
BSE Power and Energy Thematic Index
The BSE Power & Energy Thematic Index tracks the performance of 'Energy' and 'Utility' sector companies in the BSE 500. It reflects the performance of components of these sectors with a weightage. The index, constructed as of December 31, 2013 with a base value of 1000, is reconstituted every 6 months and rebalanced on a quarterly basis. The weighting of stocks is determined by free-float market cap, with each stock limited to 15% of the index. Additionally, there is also a USD variant known as BSE Power & Energy USD.