Bombay Stock Exchange Limited launched "BSE-PSU Index" on Monday, 4th June 2001. The index consists of major Public Sector Undertakings listed on the Exchange. The BSE-PSU Index is displayed on-line on the BOLT trading terminals nationwide. The BSE - Public Sector Undertaking (PSU) Index is a stock index that will track the performance of the listed PSU stocks on the Exchange.
Objective:
An Index Tracking the performance of listed equity of PSU companies
A suitable benchmark for the Central Government to monitor its wealth on the bourses.
Index Specifications:
Base Date
Base Value
No.of Constituents
BSE- PSU Index
1st Feb, 1999
1000
All PSU stocks in BSE-500 Index
The Base Date for the BSE-PSU Index would be 1st February 1999 when the BSE-500 was launched. Being a subset of BSE-500, the BSE-PSU Index will ensure a reasonable history of how the Central Government wealth fluctuated on the bourses. The Base Value for the BSE-PSU Index has been set at 1000 to ensure adequacy in terms of Daily Index movement.
Scrip selection criteria for BSE PSU Index :
Qualification Criteria :
For consideration scrips for inclusion in BSE PSU index, Public Sector Undertaking refers to any undertaking wherein the Central Government holding is equal to or more than 51%. Since BSE PSU index is a subset of BSE-500 index, scrips that form part of BSE-500 index will automatically be included in BSE PSU index.
