11


 

BSE-100 INDEX



Background : A need was felt for a more broad-based index, which can also reflect the movement of stock prices on a national scale because the BSE Sensitive Index has only 30 scrips. Bombay Stock Exchange Limited, started compilation and publication of an index series called "BSE National Index" since 3rd January, 1989.

Coverage : The equity shares of 100 companies from the "Specified" and the "Non-Specified" list of the five major stock exchanges, viz. Mumbai, Calcutta, Delhi, Ahmedabad and Madras have been selected for the purpose of compiling the BSE National Index. The criteria for selection had been market activity, due representation to various industry-groups and representation of trading activity on major stock exchanges.

Base-Year : The financial year 1983-84 has been chosen as the base year. The price stability during that year and proximity to the index series were the main consideration for choice of 1983-84 as the base year.

Method of Compilation : The basic method of compilation is the same as the one used in the case of the BSE Sensitive Index. However, in the case of BSE National Index, a distinction is made between "local scrips" for which prices were taken from only one exchange and "Inter-Exchange scrips" for which an average of the prices quoted on two or more exchanges were considered for index compilation.

Designation of the BSE 100 National Index to the BSE 100 Index
As noted above, the BSE 100 National index used to take prices of certain scrips from other exchanges or weighted average of some scrips which were popular on other exchanges in order to reflect market movements at the national level. However, changes in trading technology, longer trading period and almost instantaneous availability of information across the country have ensured that there is little or no difference in prices of the index scrips. Therefore, the Exchange administration has decided to redesignate the BSE 100 National index as the 'BSE 100' index. Since October 14, 1996, the prices of the BSE are taken to calculate the index.

Shifting of BSE-100 Index to Free-Float Methodology of Index maintenance:
In line with the shift of the BSE Indices to the globally accepted Free-Float methodology, BSE-100 was shifted to Free-Float methodology effective from April 5th, 2004. The method of computaion of Free-Float Index and determination of Free-Float Factors is similar to the methodology described in SENSEX.


Dollex-100:
BSE also calculates a dollar-linked version of BSE-100 index and historical values of this index are available since its inception. (For more details click Dollex series of BSE indices’)



Replacement of Scrips for the BSE-100 Index

Date

Outgoing Scrips

Replaced by

30.09.1988

Ambalal Sarabhai

Wimco

   

03.02.1992

Tribeni Tissues

ITC Bhadrachalam

   

03.08.1992

Zenith Ltd.

I.C.I.C.I

   

16.06.1993

Tea Estates

Harrison Malayalam

   

14.10.1996

Atul Ltd.

BHEL

 

Bayer (India)

BSES Ltd.

 

Best & Crompton

Castrol India

 

DCM Ltd.

Cochin Refineries

 

Dunlop India

Guj. Ambuja Cement

 

Garware Polyester

HDFC Ltd.

 

Harrison Malyalam

Hindustan Petroleum

 

Incab Inds.

IDBI

 

ION Exchange

IFCI

 

Jayant Vitamins

IPCL

 

Mafatlal Inds.

MRPL

 

Mcleod Russel

MTNL

 

Revathi CP

State Bank of India

 

Sakthi Sugar

Steel Authority of India

 

Shaw Wallace

Sterlite Industries

   

05.01.1998

Brooke Bond-Lipton

Infosys Technology

   

10.08.1998

Pond's (India)

Bank of India

   

22.02.1999

Atlas Copco

ABB Ltd.

Ballarpur Indus.

Aptech Ltd.

Baroda Rayon

Bank of Baroda

Bharat Forge

BFL Software

Birla Corp.

Bharat Petroleum

Bombay Dyeing

BPL Ltd.

Ceat Ltd.

Carrier Aircon

Century Enka

Cipla Ltd.

CESC Ltd.

Dabur India

Clariant

Dr. Reddy's Lab.

Coats Viyella

Essel Packaging

Colour Chem

HCL Infosyst.

Hind. Development

HDFC Bank

Hind. Motors

Hero Honda

IFCI Ltd.

Hind Lever Chemical

India Cement

Hoechst Mar.

 

Indian Organic

Indo Gulf Corp.

ITC Bhadrachalam

Nagarjun Fert.

J K Corp Ltd.

National Aluminium

J K Industries

Nicholas Piramal

J K Synthetics

NIIT Ltd.

Kesoram Inds.

Novartis

KSB Pumps

Pentafour Software

Mcdowell

Punjab Tractor

MICO

Reliance Petroleum

Modi Rubber

Satyam Computers

MRF Ltd.

Smithkline Beecham Consumer

Mukand Ltd.

Smithkline Pharma.

National Organic

Tata Infotech

Premier Auto

Thermax Ltd.

SIV Industries

Titan Inds.

SKF Bearings

TVS Suzuki

Southern Petro

VSNL

Sundaram Fastners

Wipro Ltd.

Wimco Ltd.

Wockhardt

Zuari Inds.

Zee Telefilms

   

17.01.2000

Wockhardt Ltd.

Sun Pharma. (31/01/2000)

   

03.10.2000

Arvind Mills Ltd.

Bharat Electronics Ltd.

 

Bata India Limited

Bharat Forge Co. Ltd.

 

BFL Software Ltd.

Global Telesystems Ltd.

 

Carrier Aircon Ltd.

GNFC Ltd.

 

Century Textiles & Indu. Ltd.

HCL Technologies Ltd.

 

Cochin Refineries Ltd.

HFCL

 

Crompton Greaves Ltd.

Hughes Software Systems Ltd.

 

Exide Industries Ltd.

ICICI Bank Ltd.

 

ICI India Ltd.

India Cements Ltd.

 

Indian Rayon & Indu. Ltd.

Mirc Electronics Ltd.

 

MRPL

Nirma Ltd.

 

Reckitt & Colman India Ltd.

Silverline Technologies Ltd.

 

Tata Infotech Limited.

SSI Ltd.

 

Thermax Ltd.

Visualsoft Technologies Ltd.

 

Voltas Ltd.

Wockhardt Ltd.

   

26.03.2001

Philips India Ltd.

Indian Oil Corporation

 

Gujarat State Fertiliser

Sterlite Optical Technoliges Ltd.

   

09.07.2001

Nagarjuna Fert. & Chemicals Ltd.

Monsanto India Ltd.

   

24.10.2001

Smithkline Pharmaceuticals

Cadila Healthcare

   

07.01.2002

BPL Ltd.

Corporation Bank

 

Indian Aluminium

Gas Authority of India

   

25.01.2002

Aptech Ltd.

Digital Global

   

13.05.2002

Sterlite Industries

Neyveli Lignite

   

31.05.2002

ICICI Ltd.

Reliance Capital Ltd.

   

10.10.2002

Reliance Petroleum Ltd.

Bharti Televentures Ltd.

   

21.10.2002

Cadbury India Ltd.

Shipping Corporation of India Ltd.

   

04.03.2003

Indo Gulf Corporation

Rashtriya Chemical & Fertilisers

   

26.05.2003

Abbott India Ltd.

Andhra Bank

 

Aventis Pharma Ltd.

Apollo Tyres Ltd.

 

Cadila Healthcare Ltd.

Arvind Mills Ltd.

 

Dabur India Ltd.

Balaji Telefilms Ltd.

 

EIH Ltd.

Ballarpur Industries Ltd.

 

GlaxoSmithkline Consumer

Balrampur Chini Mills Ltd.

 

GTL Ltd.

Century Enka Ltd.

 

HCL Infosystems Ltd.

Century Textiles & Industries Ltd.

 

Himachal Futuristic Comm.

Chambal Fertilisers & Chemicals Ltd.

 

Hind Lever Chemicals Ltd.

Container Corporation Of India Ltd.

 

Hughes Software Systems Ltd.

Crompton Greaves Ltd.

 

India Cements Ltd.

Engineers India Ltd.

 

Madras Cements Ltd.

Exide Industries Ltd.

 

Mirc Electronics Ltd.

I-Flex Solutions Ltd.

 

Monsanto India Ltd.

Indian Rayon & Industries Ltd.

 

Nicholas Piramal India Ltd.

Indo Gulf Fertilisers

 

NIIT Ltd.

M.R.F. Ltd.

 

Nirma Ltd.

Moser-Baer (India) Ltd.

 

Pentamedia Graphics Ltd.

Oil And Natural Gas Corporation Ltd.

 

Procter & Gamble Hygiene

Polaris Software Lab Ltd.

 

Rashtriya Chemicals & Fert.

Punjab National Bank

 

Silverline Technologies Ltd.

Tata Teleservices (Maharashtra) Ltd.

 

SSI Ltd.

Thermax Ltd.

 

Sterlite Optical Technoligies

Thomas Cook (India) Ltd.

 

Videocon International Ltd.

Union Bank of India

 

Visualsoft Technologies Ltd.

United Phosphorus Ltd.

   

04.12.2003

United Phosphorus Ltd.

Rashtriya Chemicals & Fertilizers Ltd.

   

29.03.2004

Digital Globalsoft Ltd.

United Phosphorus Ltd.

   

19.05.2004

Larsen & Toubro Ltd.

Maruti Udyog Ltd.

   

27.09.2004

Apollo Tyres Ltd.

Biocon Ltd.

 

Balaji Telefilms Ltd.

Cadila Healthcare Ltd.

 

Ballarpur Industries Ltd.

Canara Bank

 

Balrampur Chini Mills Ltd.

Chennai Petroleum Corpn. Ltd.

 

Britannia Industries Ltd.

Divi's Laboratories Ltd.

 

Castrol India Ltd.

HCL Infosystems Ltd.

 

Century Enka Ltd.

Hughes Software Systems Ltd.

 

Century Textiles

Indian Overseas Bank

 

Chambal Fertilisers & Chemicals

Jammu & Kashmir Bank Ltd.

 

Crompton Greaves Ltd.

Kochi Refineries Ltd.

 

Engineers India Ltd.

Kotak Mahindra Bank Ltd.

 

Escorts Ltd.

Larsen & Toubro Ltd.

 

Essel Propack Ltd.

Lupin Ltd.

 

Exide Industries Co. Ltd.

MRPL Ltd.

 

Gujarat Narmada Valley Fertiliser

Matrix Laboratories Ltd.

 

Indo Gulf Fertilisers

Motor Industries Co. Ltd.

 

Ingersoll - Rand (India) Ltd.

Nicholas Piramal India Ltd.

 

MRF Ltd.

Oriental Bank of Commerce

 

Punjab Tractors Ltd.

Patni Computer Systems Ltd.

 

Thermax Ltd.

Sterlite Industries (India) Ltd.

 

Thomas Cook (India) Ltd.

UTI Bank Ltd.

 

Titan Industries Ltd.

Vijaya Bank

   

28.02.2005

Hughes Software Limited

Jaiprakash Associates Limited.

   

06.06.2005

Cadila Healthcare Ltd.

Allahabad Bank Ltd.

Container Corporation Of India.

Century Textiles Ind. Ltd.

Corporation Bank

Glenmark Pharmaceuticals Ltd.

Divi's Laboratories Ltd.

Jindal Steel & Powers Ltd.

HCL Infosystems Ltd.

Jindal Vijayanagar Steel Ltd.

Jammu & Kashmir Bank Ltd.

National Thermal Power Corpn. Ltd.

Novartis India Ltd.

Petronet LNG Ltd.

Polaris Software Lab Ltd

Sesa Goa Ltd.

Rashtriya Chem & Fert. Ltd.

Tata Consultancy Services Ltd.

TVS Motors Ltd.

Ultratech Cement Ltd.

   

12.06.2006

Allahabad Bank.

Bajaj Hindustan Ltd.

Biocon Ltd.

Balrampur Chini Mills Ltd.

Chennai Petroleum Corporation Ltd.

Bharat Earth Movers Ltd.

Great Eastern Shipping Co. Ltd.

Crompton Greaves Ltd.

Indian Overseas Bank

Financial Technologies (India) Ltd

Jindal Steel & Power Ltd

Infrastructure Development Finance Co. Ltd.

Kochi Refineries Ltd

Jet Airways (India) Ltd

Mangalore Refinery & Petrochemicals

McDowell & Company Ltd.

Moser-Baer (India) Ltd.

Punj LLoyd Ltd

Neyveli Lignite Corporation Ltd.

Reliance Communication Ventures Ltd.

Pfizer Ltd.

Reliance Natural Resources Ltd.

Shipping Corporation Of India Ltd

Suzlon Energy Ltd.

Vijaya Bank

Titan Industries Ltd

   

08.01.2007

Andhra Bank

BF Utilities Ltd.

Arvind Mills Ltd

Dabur India Ltd.

Bharat Earth Movers Ltd.

Essar Oil Ltd.

Jet Airways (India) Ltd.

Hindustan Zinc Ltd.

Lupin Ltd.

India Cements Ltd.

Nicholas Piramal India.

Indiabulls Financial Services Ltd.

Petronet Lng Ltd.

Mahindra Gesco Developers Ltd.

Raymond Ltd.

Reliance Petroleum Ltd.

Tata Teleservices (Maharashtra) Ltd

Unitech Ltd.

Wockhardt Ltd.

Videocon Industries Ltd.

   

04.06.2007

Bajaj Hindustan Ltd.

Aban Offshore Ltd.

Balrampur Chini Mills Ltd.

Biocon Ltd.

Colgate-Palmolive (India) Ltd.

Cairn India Ltd.

Mahindra Gesco Developers Ltd.

Dish TV India Ltd.

Matrix Laboratories Ltd.

Divi's Laboratories Ltd.

National Aluminium Co. Ltd.

GMR Infrastructure Ltd.

Oriental Bank Of Commerce

Indiabulls Real Estate Ltd.

Patni Computer Systems Ltd.

IVRCL Infrastructures & Projects Ltd.

Union Bank of India

Tech Mahindra Ltd.

   

05.10.2007

Indian Petrochemicals Corporation Ltd.

DLF Ltd.

   

15.10.2007

Asian Paints ( India ) Ltd.

Adani Enterprises Ltd.

Biocon Ltd.

Idea Cellular Ltd

Canara Bank

Jindal Steel & Power Ltd

Dabur India Ltd.

Patni Computer Systems Ltd.

Dish TV India Ltd.

Power Finance Corporation Ltd

Videocon Industries Ltd.

Union Bank of India

   

14.03.2008

Bajaj Auto Ltd.

Power Grid Corporation Ltd.