Bombay Stock Exchange Limited launched "BSE-PSU Index" on 4 June 2001. This index consists of major Public Sector Undertakings listed on BSE. The 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 BSE-PSU Index is 1st February 1999, the date when the BSE-500 was launched. Being a subset of BSE-500, the BSE-PSU Index ensures 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
For consideration of 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 automatically get included in BSE-PSU index.
