S&P BSE Oil&Gas Live Chart
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S&P BSE Oil&Gas Performance
Days Range
Previous Close27,172.91
Open27,179.78
52W Range21,574.57 - 33,309.54
P/E Ratio12.98
S&P BSE Oil&Gas Companies
|
Company
 |
LTP
|
Change
|
Day Range
|
|
|---|---|---|---|---|
|
Adani Total Gas |
₹710.40 |
-5.30 (-0.74%) |
₹707.70 - ₹720.55 |
|
|
B P C L |
₹307.55 |
4.10 (1.35%) |
₹302.35 - ₹307.80 |
|
|
GAIL (India) |
₹205.80 |
-1.75 (-0.84%) |
₹205.50 - ₹207.80 |
|
|
H P C L |
₹410.50 |
5.75 (1.42%) |
₹405.00 - ₹412.30 |
|
|
I O C L |
₹144.00 |
0.55 (0.38%) |
₹143.10 - ₹144.40 |
|
|
Indraprastha Gas |
₹384.40 |
-1.70 (-0.44%) |
₹382.10 - ₹390.30 |
|
|
O N G C |
₹256.55 |
-0.35 (-0.14%) |
₹256.15 - ₹258.70 |
|
|
Oil India |
₹469.65 |
0.15 (0.03%) |
₹468.50 - ₹475.00 |
|
|
Petronet LNG |
₹336.40 |
1.20 (0.36%) |
₹331.30 - ₹339.15 |
|
|
Reliance Industr |
₹1,283.55 |
-1.40 (-0.11%) |
₹1,281.00 - ₹1,290.00 |
|
S&P BSE Oil&Gas Sectors
| Sector Name | Advances | No Change | Declined |
|---|---|---|---|
| Crude Oil & Natural Gas | 1 | 2 | 1 |
| Gas Distribution | 2 | 4 | 2 |
| Refineries | 3 | 4 | 1 |
What is BSE Oil & Gas?
If there is one sector that can create the fear of recession overnight, it is the Oil & Gas sector. These are the most widely used fuels to produce energy and power the factories and our vehicles. Transportation around the globe is almost completely dependent on the Oil & Gas industry.
As of 2022, the value of this sector is almost USD 5 trillion. As a result, the impact of the Oil & Gas sector is huge. So, it is important to study its effects on the movement of the stock markets. Hence, the BSE launched the S&P BSE Oil & Gas Index in August 2004 as a spin-off of the BSE 500 index.
The BSE Oil & Gas index includes the top stocks that belong to the Oil & Gas sector and also form a part of the BSE 500 index. The constituents of this index account for almost 90% of the total market capitalization of all the stocks from the Oil & Gas sector. The BSE Oil & Gas index is valued on a real-time basis in both INR & USD.
The constituents in the BSE Oil & Gas index are ranked based on the free-float market capitalization method, but the BSE Oil & Gas Share Price is calculated using the modified market cap weighted method. It simply means a cap on the maximum weightage one stock can hold on the index.
The rebalancing of the index’s constituents is carried out semiannually in June & December every year. Presently, there are 10 constituents in S&P BSE Oil & Gas. By studying the movements of this sector, analysts can predict the future trends of the stock markets and the economy.
Orgainisation
S&P BSE Oil&Gas
Exchange
BSE
Founded Year
1999
How is BSE Oil & Gas Calculated?
Since the constituents of the index are picked from BSE 500, the same criteria also apply to the stocks listed in BSE Oil & Gas. Here are the requirements that need to be fulfilled by the constituents:
- The constituents should be a part of the BSE All Cap index for at least 6 months
- The stocks should be actively traded during at least 80% of the sessions in the last 6 months
- The companies should have an Average Traded Value of at least INR 1 billion
While the stocks in the BSE Oil & Gas index are selected from BSE 500 based on the highest market cap, the index uses a modified weightage method to ensure that the impact of one stock on the BSE Oil & Gas index is limited. So, here are the weightage rules for calculating the BSE Oil & Gas Share Price:
- The maximum weightage that a constituent can hold in the index is capped at 20%
- If the weightage of a constituent is above 20%, the excess weight is reduced from that constituent and added to the rest of the constituents.
For Ex: Companies X & Y have a free-float market cap of INR 24 Crores and 25 Crores, respectively. Assuming their weightage in BSE Oil & Gas to be 24% & 25%, respectively, here’s how modified weightage will work.
| Company Name | Free-Float Market Cap | Weighage | Modified Weightage | Modified Free-Float Market Cap |
| X | INR 24 Crores | 24% | 20% | INR 20 Crores |
| Y | INR 25 Crores | 25% | 20% | INR 20 Crores |
This method is called modified weight because it modifies the maximum weight of a constituent by dividing it among the remaining constituents on a proportional basis. Of all the sector indices, this method is used only for the BSE Bankex and BSE Oil & Gas Index.
S&P BSE Oil&Gas FAQs
The top Oil & Gas stocks of the BSE 500 that account for almost 90-92% of the sector’s total market cap are included in the BSE Oil & Gas index. Currently, the top 10 Oil & Gas stocks constitute the index with a cap of 20% on the individual weightage. The index value is calculated in both INR & USD, and rebalancing is carried out twice every year in June & September.
How to invest in BSE Oil & Gas?
You can invest in BSE Oil & Gas by using these 2 ways:
- You can individually buy all the 10 stocks in the index based on their weightage.
- Alternatively, you can invest in an index fund that invests your money in the BSE Oil & Gas Shares on your behalf. It is a more convenient method of investment for individuals.
What is the objective of BSE Oil & Gas?
The BSE Oil & Gas tracks the price movements in the top 10 Oil & Gas companies in the Indian market and their effects on the Indian Stock Markets. The value of the index is based on the modified market cap weighted method, and the constituents are rebalanced twice every year.
Is investment in BSE Oil & Gas safe?
Investing in stock markets carries the risk of market price fluctuations. But, this risk can be reduced by diversifying your investments. Since the BSE Oil & Gas index constitutes almost 90% of the total market cap of the Oil & Gas sector, it is naturally diversified. Hence, investing in the BSE Oil & Gas index is comparatively safer.
