S&P BSE Tech Live Chart
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S&P BSE Tech Performance
Days Range
Previous Close20,181.53
Open20,206.13
52W Range14,896.53 - 20,298.49
P/E Ratio37.56
S&P BSE Tech Companies
|
Company
 |
LTP
|
Change
|
Day Range
|
|
|---|---|---|---|---|
|
Bharti Airtel |
₹1,576.35 |
-2.80 (-0.18%) |
₹1,571.85 - ₹1,587.95 |
|
|
Coforge |
₹9,020.00 |
13.85 (0.15%) |
₹8,959.50 - ₹9,037.00 |
|
|
HCL Technologies |
₹1,922.80 |
-12.30 (-0.64%) |
₹1,916.55 - ₹1,934.60 |
|
|
HFCL |
₹127.00 |
0.25 (0.20%) |
₹125.30 - ₹127.45 |
|
|
Indus Towers |
₹360.70 |
0.70 (0.19%) |
₹358.10 - ₹362.75 |
|
|
Infosys |
₹1,965.30 |
16.60 (0.85%) |
₹1,952.55 - ₹1,970.00 |
|
|
ITI |
₹362.40 |
-26.85 (-6.90%) |
₹359.55 - ₹380.95 |
|
|
Just Dial |
₹1,080.65 |
-8.15 (-0.75%) |
₹1,058.55 - ₹1,087.95 |
|
|
KPIT Technologi. |
₹1,534.60 |
-4.70 (-0.31%) |
₹1,526.40 - ₹1,544.00 |
|
|
LTIMindtree |
₹6,556.75 |
-17.85 (-0.27%) |
₹6,542.55 - ₹6,670.45 |
|
|
Mphasis |
₹3,159.25 |
-23.95 (-0.75%) |
₹3,131.20 - ₹3,197.25 |
|
|
Netwrk.18 Media |
₹77.75 |
-0.72 (-0.92%) |
₹77.43 - ₹79.15 |
|
|
Persistent Sys |
₹6,318.90 |
-21.90 (-0.35%) |
₹6,264.05 - ₹6,350.40 |
|
|
PVR Inox |
₹1,480.80 |
-11.30 (-0.76%) |
₹1,477.10 - ₹1,501.00 |
|
|
Route Mobile |
₹1,443.90 |
18.55 (1.30%) |
₹1,425.70 - ₹1,450.00 |
|
|
Sun TV Network |
₹749.25 |
1.90 (0.25%) |
₹747.00 - ₹756.00 |
|
|
Tanla Platforms |
₹703.85 |
-16.65 (-2.31%) |
₹703.35 - ₹721.85 |
|
|
Tata Comm |
₹1,816.00 |
40.65 (2.29%) |
₹1,774.85 - ₹1,824.50 |
|
|
Tata Elxsi |
₹7,346.10 |
-56.90 (-0.77%) |
₹7,328.00 - ₹7,413.00 |
|
|
Tata Tele. Mah. |
₹80.91 |
0.16 (0.20%) |
₹80.13 - ₹82.20 |
|
|
TCS |
₹4,413.50 |
-18.45 (-0.42%) |
₹4,407.60 - ₹4,449.90 |
|
|
Tech Mahindra |
₹1,756.00 |
-7.50 (-0.43%) |
₹1,750.20 - ₹1,769.50 |
|
|
Tejas Networks |
₹1,320.45 |
-0.05 (0.00%) |
₹1,319.10 - ₹1,346.65 |
|
|
Wipro |
₹308.70 |
0.80 (0.26%) |
₹305.55 - ₹309.50 |
|
|
Zee Entertainmen |
₹138.30 |
-1.30 (-0.93%) |
₹138.15 - ₹140.50 |
|
S&P BSE Tech Sectors
| Sector Name | Advances | No Change | Declined |
|---|---|---|---|
| Entertainment | 0 | 3 | 3 |
| IT - Software | 10 | 13 | 3 |
| Media - Print/Television/Radio | 0 | 1 | 1 |
| Telecomm Equipment & Infra Services | 0 | 3 | 3 |
| Telecomm-Service | 2 | 3 | 1 |
| E-Commerce/App based Aggregator | 1 | 1 | 0 |
| Aerospace & Defence | 1 | 1 | 0 |
What is BSE TECk?
BSE TECk is a value-weighted sectoral index on the Bombay Stock Exchange (BSE) which captures the behaviour and performance of the Indian technology sector. It is a diversified index of 28 stocks from the S&P BSE 500 index that span the sectors of IT (81.45%), Telecommunications (15.31%), and Media & publishing (3.25%), as defined by the industry classification system of BSE.
This BSE TECk index was launched on July 11, 2001, with the first value date as January 31, 2000, and with base value at 1000. Since its inception, the S&P BSE TECk share price has breached the levels of 13,000 at ~33.14x P/E multiples. The weighted average carbon intensity of the BSE TECk index comes to ~29.76.
The S&P BSE TECk index value is calculated based on free-float market capitalisation weighted value on a real-time basis. It is reconstituted semi-annually in the months of June and December.
S&P BSE TECk 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 TECk 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: S&P BSE TECk TR.
Orgainisation
S&P BSE Tech
Exchange
BSE
How is BSE TECk calculated? How are stocks selected for inclusion in BSE TECk?
The BSE TECk share price is computed by weighting its 28 stocks based on float-adjusted market capitalisation, 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 TECk index:
- Should be domiciled in India and listed on the Bombay Stock Exchange.
- Should form a part of S&P BSE 500 index.
- Should form a part of the technology sector as per the BSE Sector Classification System.
- Each sector- IT, Media & Publishing, Telecom- should have a minimum of 10 constituents that make up at least 90% market coverage of the average free-float market capitalisation. This minimum market coverage of 90% will be maintained even if the number of constituent stocks falls below 10.
- Should have a trading frequency of at least 90% in the preceding six months.
- A 2% buffer for inclusion and exclusion should be maintained in order to minimise the turnover of the index.
- Stocks are dropped from the index on a quarterly basis, if their sector classification changes between rebalancing.
- Companies that have come out with IPOs must have a listing history of at least one month and be ranked in top 10, in order to be eligible for inclusion.
- Companies can be excluded in between the rebalancing dates due to mergers, delisting, takeovers, suspensions, surveillance objections, bankruptcies, or graded surveillance measure (GRM).
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 TECk 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. Investible Weight Factors (IWFs), that are used for float adjustments, are reviewed annually. These ignore the effects of foreign investment limits in their calculation.
S&P BSE Tech FAQs
BSE TECk index includes 28 stocks from the technology sector, with the largest constituent weighing 36.4% of the index and the top 10 constituent stocks representing ~92% of the index. These stocks are usually sub-classified as Information Technology or Communication Services.
How to Invest in BSE TECk?
You may choose to invest in individual stocks, through a demat account, in the same proportion as their index weightage. Else, you may invest in thematic funds that have the S&P BSE TECk index as their benchmark; such funds may have different constituents or different weightage of the same constituents- it would depend on the fund’s strategy.
Should you Invest in the BSE TECk index? Is the investment in BSE TECk safe?
BSE TECk index has generated stellar annualized price returns of 18.6% in the past 5 years and 14.51% in the past 10 years. Its annualized risk-adjusted returns ratio comes to 1.06 for a 5-year period, which falls over a 10-year time horizon to 0.89. It experiences volatility levels broadly in line with the market BSE 500 index. BSE TECk’s projected multiples stand at ~25x P/E and 2.01% dividend yield.
How has BSE TECk performed against the BSE 500 index?
BSE TECk index has overperformed the BSE 500 index over the past 5-year period by generating 20.65% total returns v/s BSE 500’s 11.49%. TECk has also generated higher returns of 16.47% v/s BSE 500’s 13.81% returns over a 10-year period. Both the indices have experienced similar volatility levels. However, S&P BSE TECk has outperformed the BSE 500 index on an overall risk-adjusted returns basis.
What is the objective of BSE TECk?
BSE TECk index is a subset of the S&P BSE 500 index that is designed to reflect the performance of the largest and most liquid tech companies that are engaged in the business of publishing, media, and telecommunications. It can serve as a benchmark index for launching index funds/ ETFs.
