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Review of BANKEX

The Index Committee in its first review of BANKEX decided to make the following changes. It may be recalled that the Exchange launched BANKEX on June 16, 2003. The index tracks the banking sector and incorporates all banking stocks within the BSE-500 index that gives 90% coverage of banking sector by market capitalisation.

Code Outgoing Code Incoming
531807 ING Vysya Bank 532215 UTI Bank
    500247 Kotak Mahindra Bank
    532505 UCO Bank
    532388 Indian Overseas Bank
    532209 J & K Bank

The changes will come into effect from February 9, 2004.

 

 Dr. B. R Prasad
 CGM and Chief Economist

 February 03, 2004

 

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