BSE Bankex is banking index based on the free
float methodology of index construction.
BSE Bankex
Banking sector reforms such as fall in interest
rates, and enactment of Securitization Bill have given a major fillip to
Indian banking industry. These developments have significantly impacted
the performance of bank stocks and bank stocks have emerged as a major
segment in the equity markets. Hence, BSE considered it important to
design an index exclusively for bank stocks.
The index, named as Bankex, is based on the free float methodology of
index construction. Bankex tracks the performance of the leading banking
sector stocks listed on the BSE. Twelve stocks, which represent 90
percent of the total market capitalization of all banking sector stocks
listed on BSE, are included in the index. The base date for Bankex is
1st January 2002 and the base value is 1000 points. Bankex is
disseminated on a real-time basis through BSE Online Trading (BOLT)
terminals.
Scrip Selection Criteria for BSE Bankex
- Scrips should at least have a trading frequency of 90% in
preceding three months
- Scrips classified under the banking sector and which constitute a
part of BSE-500 index are eligible for Bankex.
- Scrips that are a part of Bankex should have a minimum market
capitalization coverage of 90% in banking sector based on free-float
final rank.
Stocks Constituting Bankex
- UTI Bank Ltd
- Kotak Mahindra Bank
- UCO Bank
- Indian Overseas Bank
- Jammu & Kashmir Bank
- Vijaya Bank
- Allahabad Bank Ltd
- Centurion Bank Ltd
- Indusind Bank Ltd
- Karnataka Bank Limited
- Federal Bank Ltd
- Karnataka Bank Ltd
- Yes Bank Ltd
- IDBI Bank Ltd
- Indusind Bank Ltd
