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Media Release

 

Launch of BSE-PSU Index

The Stock Exchange, Mumbai has decided to launch a new equity index called "BSE-PSU Index" effective Monday, 4th June 2001.

The new index will consist of 34 major Public Sector Undertakings listed on the Exchange. The BSE-PSU Index will be displayed on-line on the BOLT trading terminals nationwide. The specifications and details of the BSE-PSU Index are annexed.

The List of Companies in BSE-PSU Index is as follows:

 
Sr.No. Code Name Sr.No. Code Name 
1 32134 Bank Of Baroda 18 188 Hindustan Zinc Ltd 
2 32149 Bank of India 19 198 IBP Co. Ltd. 
3 48 Bharat Earth Movers Ltd. 20 30965 Indian Oil Corporation Ltd. 
4 49 Bharat Electronics Ltd. 21 105 Indian Petrochemicals Corp Ltd 
5 103 Bharat Heavy Electricals Ltd 22 116 Industrial Dev Bank Of India 
6 547 Bharat Petroleum Corpn Ltd. 23 23610 ITI Ltd. 
7 17326 C M C Ltd 24 873 Kochi Refineries Ltd. 
8 110 Chennai Petroleum Corporation Ltd. 25 108 Mahanagar Telephone Nigam Ltd 
9 531344 Container Corporation of India 26 32234 National Aluminium Co. Ltd. 
10 32179 Corporation Bank 27 13683 Neyveli Lignite Corporation Ltd. 
11 32121 Dena Bank 28 312 Oil & Natural Gas Corporation 
12 23618 Dredging Corporation of India 29 315 Oriental Bank of Commerce 
13 32178 Engineers India Ltd. 30 24230 Rashtriya Chem & Fert. Ltd. 
14 532155 Gas Authority Of India Ltd.(DM) 31 23598 Shipping Corpn. Of India Ltd. 
15 191 Hindustan Machine Tools Ltd. 32 112 State Bank of India 
16 449 Hindustan Organic Chemical Ltd 33 113 Steel Authority of India Ltd. 
17 104 Hindustan Petroleum Corp. Ltd. 34 483 Videsh Sanchar Nigam Ltd 


 

Dr. Manoj Vaish
Dy. Executive Director

 
BSE - PSU Index
 
The BSE - Public Sector Undertaking (PSU) Index is a stock index that will track the performance of the listed PSU stocks on the Exchange. The index is being launched with 34 constituents which are currently part of the BSE-500 Index.
Objective:
  1. An Index Tracking the performance of listed equity of PSU companies
  2. A suitable benchmark for the Central Government to monitor its wealth on the bourses.
Index Specifications:
 
 
NameBase DateBase ValueNo. of Constituents
BSE- PSU Index1st Feb, 19991000All PSU stocks in BSE-500 Index (Currently 34)
 
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.
 
The BSE-PSU index will be constituted of listed companies \ institutions \ corporations owned or controlled by the central government within the meaning of Section 619-B of the Companies Act, 1956
 

  June 2, 2001

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