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Sector Name | Advances | No Change | Declined |
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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.
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:
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.