Bombay Stock Exchange
Bombay Stock Exchange
Preface For the premier stock exchange that pioneered the securities transaction business in India, over a century of experience is a proud achievement. A lot has changed since 1875 when 318 persons by paying a then princely amount of Re. 1, became members of what today is called Bombay Stock Exchange Limited (BSE).
The journey in the 20th century has not been an easy one. Till the decade of eighties, there was no measure or scale that could precisely measure the various ups and downs in the Indian stock market. BSE, in 1986, came out with a Stock Index-SENSEX- that subsequently became the barometer of the Indian stock market.
The launch of SENSEX in 1986 was later followed up in January 1989 by introduction of BSE National Index. It comprised 100 stocks listed at five major stock exchanges in India - Mumbai, Calcutta, Delhi, Ahmedabad and Madras. The BSE National Index was renamed BSE-100 Index from October 14, 1996.
, BSE launched on 27th May, 1994 two new index series viz., the 'BSE-200' and the 'DOLLEX-200. In 2001, BSE launched BSE-PSU Index, DOLLEX-30 and the country's first free-float based index - the BSE TECk Index. The values of all BSE indices are updated on real time basis during market hours and displayed through the BOLT system, BSE website and news wire agencies.
SENSEX
SENSEX, first compiled in 1986, was calculated on a "Market CapitalizationWeighted. The base year of SENSEX was taken as 1978-79. Since September 1, 2003, SENSEX is being calculated on a free-float market capitalization methodology.
Base Year : 1978-79 Base Index Value : 100 Date of Launch : 01-01-1986 Method of calculation : Launched on full market capitalization method and effective September 01, 2003, calculation method shifted to free-float market capitalization. Number of scrips : 30
Base Year : 2002-03 Base Index Value : 1000 Date of Launch : April 11,2005 Method of calculation : Free-float market capitalization method. Number of scrips : Variable Index calculation frequency : Real Time
BSE-100 Index
Base Year : 1983-84 Base Index Value : 100 Date of Launch : January 03, 1989 Method of calculation : Launched on full market capitalization method and effective April 05, 2004, calculation method shifted to free-float market capitalization. Number of scrips : 100
BSE-200 Index
Base Year : 1989-90 Base Index Value : 100 Date of Launch : May 27, 1994 Method of calculation : Launched on full market capitalization method and effective August 16, 2005, calculation method shifted to free-float market capitalization. Number of scrips : 200
BSE-500 Index
Base Year : 1,February,1999 Base Index Value : 1000 Date of Launch : 9,August,1999 Method of calculation : Launched on full market capitalization method and effective August 16, 2005, calculation method shifted to free-float market capitalization. Number of scrips : 500