BSE Ltd. launched "BSE PSU Index" on 4 June 2001. This index consists of major Public Sector Undertakings listed on BSE. The S&P BSE PSU Index is displayed on-line on the BOLT trading terminals nationwide.
Objective:- An Index to track the performance of listed equity of PSU companies
- A suitable benchmark for the Central Government to monitor its wealth on the bourses.
The Base Date for the S&P BSE PSU Index is 1st February 1999, the date when the BSE-500 was launched. Being a subset of BSE-500, the S&P BSE PSU Index ensures a reasonable history of how the Central Government wealth fluctuated on the bourses. The Base Value for the S&P BSE PSU Index has been set at 1000 to ensure adequacy in terms of daily index movement.
Scrip selection criteria for S&P BSE PSU
Index
For consideration of scrips for inclusion in S&P BSE
PSU Index, Public Sector Undertaking refers to any undertaking wherein the
Central Government holding is equal to or more than 51%. Since S&P BSE PSU Index is
a subset of BSE-500 index, scrips that form part of BSE-500 index automatically
get included in S&P BSE PSU Index.
Note:
If an existing constituent is traded under the ex-entitlement basis it will be excluded from all BSE Indices. This is done because during this period BSE is unable to ascertain the valuation of the constituent and valuation of a constituent is required for Index Calcualtion.