S&P BSE PSU Live Chart

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S&P BSE PSU Performance

Days Range

Low: 19,161.53
High: 19,377.23
Previous Close19,097.74
Open19,214.11
52W Range9,792.24 - 19,381.38
P/E Ratio11.64

S&P BSE PSU Companies

Company
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Change
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B H E L

₹260.15

0.90 (0.35%)

₹259.55 - ₹263.90

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B P C L

₹592.95

-11.00 (-1.82%)

₹591.95 - ₹609.25

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Bank of Baroda

₹260.20

-1.00 (-0.38%)

₹259.70 - ₹263.50

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Bank of India

₹144.40

3.15 (2.23%)

₹140.85 - ₹145.25

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Bank of Maha

₹64.45

0.06 (0.09%)

₹63.80 - ₹64.86

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Bharat Dynamics

₹1,922.75

78.30 (4.25%)

₹1,838.25 - ₹1,940.00

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Bharat Electron

₹234.20

0.35 (0.15%)

₹231.80 - ₹236.00

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Canara Bank

₹601.55

1.65 (0.28%)

₹599.20 - ₹607.80

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Central Bank

₹63.82

-0.77 (-1.19%)

₹63.60 - ₹65.08

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Coal India

₹440.95

-2.35 (-0.53%)

₹439.30 - ₹446.35

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Cochin Shipyard

₹1,252.35

147.20 (13.32%)

₹1,093.40 - ₹1,279.00

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Container Corpn.

₹948.55

2.75 (0.29%)

₹940.00 - ₹958.00

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Engineers India

₹207.85

-1.60 (-0.76%)

₹207.35 - ₹211.95

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GAIL (India)

₹199.65

0.85 (0.43%)

₹198.40 - ₹202.50

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General Insuranc

₹327.90

-1.50 (-0.46%)

₹327.10 - ₹334.15

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Gujarat Gas

₹541.40

-1.60 (-0.29%)

₹540.10 - ₹549.25

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H P C L

₹482.85

-9.20 (-1.87%)

₹481.45 - ₹496.45

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H U D C O

₹197.60

2.05 (1.05%)

₹194.60 - ₹199.60

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Hind.Aeronautics

₹3,796.30

11.35 (0.30%)

₹3,784.95 - ₹3,832.00

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Hindustan Copper

₹371.35

-7.75 (-2.04%)

₹366.10 - ₹382.55

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I O B

₹63.40

-0.18 (-0.28%)

₹63.20 - ₹64.56

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I O C L

₹168.15

-2.70 (-1.58%)

₹167.90 - ₹173.30

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I R C T C

₹1,015.50

15.45 (1.54%)

₹998.05 - ₹1,019.00

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I R F C

₹147.70

3.60 (2.50%)

₹143.60 - ₹148.00

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Indian Bank

₹516.50

-4.15 (-0.80%)

₹509.30 - ₹531.05

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Ircon Intl.

₹227.80

5.50 (2.47%)

₹223.15 - ₹229.80

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ITI

₹293.40

13.80 (4.94%)

₹276.35 - ₹312.95

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KIOCL

₹435.80

1.20 (0.28%)

₹430.85 - ₹443.00

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Life Insurance

₹985.60

11.20 (1.15%)

₹977.95 - ₹1,008.75

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M R P L

₹224.35

1.20 (0.54%)

₹223.15 - ₹228.90

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Mazagon Dock

₹2,259.90

88.40 (4.07%)

₹2,156.30 - ₹2,311.60

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Mishra Dhatu Nig

₹436.35

19.30 (4.63%)

₹410.90 - ₹440.90

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MMTC

₹74.91

2.40 (3.31%)

₹72.68 - ₹76.50

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Natl. Aluminium

₹183.10

-2.20 (-1.19%)

₹182.10 - ₹187.65

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NBCC

₹134.40

9.70 (7.78%)

₹125.35 - ₹136.65

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New India Assura

₹224.60

3.30 (1.49%)

₹221.90 - ₹227.10

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NHPC Ltd

₹89.76

1.21 (1.37%)

₹88.90 - ₹90.59

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NLC India

₹230.75

4.80 (2.12%)

₹226.45 - ₹232.40

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NMDC

₹234.50

-3.25 (-1.37%)

₹234.00 - ₹239.25

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NMDC Steel

₹65.26

1.53 (2.40%)

₹63.60 - ₹66.35

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NTPC

₹346.90

3.85 (1.12%)

₹344.15 - ₹348.60

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O N G C

₹276.70

-0.35 (-0.13%)

₹275.45 - ₹278.80

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Oil India

₹590.95

-5.90 (-0.99%)

₹588.80 - ₹603.20

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Power Fin.Corpn.

₹399.15

-5.15 (-1.27%)

₹398.10 - ₹407.35

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Power Grid Corpn

₹285.00

1.45 (0.51%)

₹280.75 - ₹287.00

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Pun. & Sind Bank

₹60.60

-0.33 (-0.54%)

₹60.35 - ₹61.81

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Punjab Natl.Bank

₹132.80

-0.30 (-0.23%)

₹132.55 - ₹135.00

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R C F

₹143.85

-1.15 (-0.79%)

₹143.10 - ₹145.90

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Rail Vikas

₹277.30

13.20 (5.00%)

₹264.20 - ₹280.00

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REC Ltd

₹435.15

0.45 (0.10%)

₹432.20 - ₹440.95

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Rites

₹670.35

6.20 (0.93%)

₹657.40 - ₹676.60

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S A I L

₹152.25

3.95 (2.66%)

₹148.50 - ₹152.95

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SJVN

₹129.40

0.70 (0.54%)

₹127.50 - ₹131.15

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St Bk of India

₹772.85

7.00 (0.91%)

₹765.85 - ₹777.50

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UCO Bank

₹54.96

-0.35 (-0.63%)

₹54.68 - ₹55.87

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Union Bank (I)

₹146.90

-3.60 (-2.39%)

₹146.30 - ₹152.05

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S&P BSE PSU Sectors

Sector Name Advances No Change Declined
Banks 4 12 8
Capital Goods - Electrical Equipment 1 1 0
Crude Oil & Natural Gas 0 2 1
Fertilizers 0 1 1
Finance 3 4 1
Gas Distribution 1 2 1
Infrastructure Developers & Operators 4 5 1
Logistics 1 1 0
Mining & Mineral products 1 3 2
Non Ferrous Metals 0 2 2
Power Generation & Distribution 5 5 0
Refineries 1 4 3
Ship Building 1 1 0
Steel 2 2 0
Telecomm Equipment & Infra Services 1 1 0
Trading 1 1 0
Insurance 2 3 1
Railways 1 1 0
Aerospace & Defence 5 5 0

Data 2

Data 3

What is BSE PSU?

BSE PSU is a thematic index on the Bombay Stock Exchange (BSE) which captures the performance of the Indian public sector undertakings as classified by BSE. It is a diversified index of 57 stocks from the S&P BSE 500 index that represent the public enterprises which span 9 sectors, including Finance, Oil & Gas, Power, Metal, Metal Products & Mining, Capital Goods, Transport Services, Tourism, Agriculture, and Telecom.

This BSE PSU index was launched on June 4, 2001, with the first value date as February 1, 1999, and with base value at 1000. Since its inception, the S&P BSE PSU share price has breached the levels of 8,000 at ~6.82x P/E multiples. The weighted average carbon intensity of the PSU Index is 2127.30.

The index value is calculated based on a float-adjusted, market-cap-weighted method on a real-time basis. It is reconstituted semi-annually in the months of June and December.

S&P BSE PSU index is managed and governed by S&P BSE Index Committee set up under Asia Index Private Ltd, which is a joint venture of S&P and BSE Ltd. The BSE PSU index is calculated in two currencies: INR and USD; for USD, spot foreign exchange rates are applied from Refinitiv’s data. It has an index variant in the form of S&P BSE PSU TR.

Orgainisation
S&P BSE PSU
Exchange
BSE

How is BSE PSU calculated? How are stocks selected for inclusion in BSE PSU?

The BSE PSU share price is computed by weighting its 57 stocks based on float-adjusted market capitalization, using the divisor methodology of the S&P Dow Jones equity indices.

The securities must fulfil the following eligibility criteria to be included in the BSE PSU index:

  1. Should be domiciled in India and listed on the Bombay Stock Exchange.
  2. Should form a part of S&P BSE 500 index.
  3. Should form a part of the PSU sector as per the BSE Sector Classification System.
  4. Should be owned to the extent of 51% or more by central government, state government, or jointly by both the central government and one or more state governments.
  5. Only common stocks can be included in the BSE PSU index, i.e., DVRs cannot form a part of this index.
  6. Companies that have undergone a scheme of arrangement, namely spin-offs, capital restructuring etc., must have a listing history of at least one month in order to be eligible for inclusion.

The index value is calculated as follows –

Index value = Index Market Value / Divisor

Where,

Index Market Value = Price * Shares * IWF (Float Factor)

Divisor = Market Value / Index Value

The BSE PSU index is reconstituted semi-annually in June and December, with the last trading day of April and October as the reference date. These changes become effective on the Monday that follows the third Friday of June and December. No additions are made to the BSE PSU index between rebalancing.

S&P BSE PSU FAQs

What are BSE PSU stocks?

BSE PSU index includes 57 stocks from the PSU sector, with the largest constituent weighing 23% of the index, and the top 10 constituent stocks representing ~72% of the index. 

How to Invest in BSE PSU?

You may choose to invest in individual stocks, through a trading account, in the same proportion as their index weightage. Else, you may invest in thematic funds which have the BSE PSU index as their benchmark, albeit the constituents and their weightage may vary as per the fund’s investment strategy.

Should you Invest in the BSE PSU index? Is the investment in BSE PSU safe?

BSE PSU index has generated negative price returns in the past 5 years and has barely earned ~1% in the past 10 years. Its annualized risk-adjusted returns ratio comes to 0.13 for a 5-year period, which minutely improves to 0.17 for a 10-year time horizon. The index experiences high volatility levels. BSE PSU’s P/E multiples are projected to slightly improve to 6.97x. 

How has BSE PSU performed against BSE 500 index?

On a total returns basis, the BSE PSU index has been underperforming the BSE 500 index over all time horizons. It has barely generated 3.48% and 4.15% returns over a 5-year and 10-year time period respectively, whereas the BSE 500 has returned 11.49% and 13.81% returns for the same time horizon.

 

How is BSE PSU different from its NIFTY PSU counterpart?

BSE PSU was launched in 2001 with 57 constituents, whereas NIFTY PSU has only 12 constituents and was launched in 2007, making the former a more diversified index of the two. Both the indices have fared poorly in the past 5 years as they have generated only negative returns.

What is the objective of BSE PSU?

BSE PSU index is a subset of the S&P BSE 500 index that is designed to reflect the performance of the largest and most liquid public sector enterprises of India. It can serve as a reference index for benchmarking of funds by asset managers.