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Media Release

 

BSE to shift BSE-100 index to Free-Float

With an objective to make the BSE indices more qualitative and in-line with the global standards, the BSE pioneered the concept of globally accepted 'free-float methodology' in index construction in India by launching the TMT benchmark 'BSE-TECk Index' in July 2001 and BANKEX in June 2003. Following the acceptance of these indices in the market, the BSE, on September 1, 2003, shifted the country's bellwether index 'SENSEX' to the free-float methodology. All the above indices are widely reported in the electronic and print media.

In continuation of its policy to gradually shift all indices to the free-float methodology, the BSE will shift the BSE-100 Index to the 'free-float methodology' w.e.f. April 5, 2004. The BSE-100 index (formerly known as BSE National Index) was launched on January 3, 1989 and it was calculated taking prices of constituents from five major stock exchanges viz. Mumbai, Kolkata, Delhi, Chennai and Ahmedabad. An average of the prices quoted on two or more exchanges were considered for index compilation. Later in 1996, BSE National Index was re-designated as BSE-100 Index and only prices quoted on BSE were taken into account for compilation of index.

The shifting of BSE-100 to the free-float methodology will greatly enhance the quality of the index and bring it at par with international standards. The BSE-100 weighted on free-float would authentically reflect the investment opportunity of the constituent stocks thereby making the index a more reliable benchmark for the broad market performance.

 

Dr. B. R. Prasad
CGM - Corporate Communications

March 29, 2004

Annexure: BSE-100 Constituent stocks with free-float factors

 

Sr. No.

Code

Name

FF Factors

Sr. No.

Code

Name

FF Factors

1

532418

Andhra Bank

0.40

51

530965

Indian Oil Corporation Ltd.

0.10

2

500877

Apollo Tyres Ltd.

0.60

52

500105

Indian Petrochemicals Corp Ltd.

0.50

3

500101

Arvind Mills Ltd.

0.65

53

500303

Indian Rayon & Industries Ltd.

0.75

4

500002

Asea Brown Boveri Ltd.

0.50

54

532492

Indo Gulf Fertilisers

0.45

5

500477

Ashok Leyland Ltd.

0.50

55

500116

Industrial Dev Bank of India

0.45

6

500820

Asian Paints (I) Ltd.

0.60

56

500209

Infosys Technologies Ltd.

0.75

7

500410

Associated Cement Companys Ltd.

0.90

57

500210

Ingersoll - Rand (India) Ltd.

0.30

8

500490

Bajaj Auto Ltd.

0.70

58

500875

ITC Ltd.

0.70

9

532382

Balaji Telefilms Ltd.

0.45

59

500510

Larsen & Toubro Ltd.

0.90

10

500102

Ballarpur Industries Ltd.

0.60

60

500108

Mahanagar Telephone Nigam Ltd.

0.45

11

500038

Balrampur Chini Mills Ltd.

0.65

61

500520

Mahindra & Mahindra Ltd.

0.75

12

532134

Bank of Baroda

0.35

62

517140

Moser Baer India Ltd.

0.45

13

532149

Bank Of India

0.35

63

500290

MRF Ltd.

0.60

14

500049

Bharat Electronics Ltd.

0.25

64

532234

National Aluminium Co. Ltd.

0.15

15

500493

Bharat Forge Ltd.

0.65

65

500790

Nestle India Ltd.

0.40

16

500103

Bharat Heavy Electricals Ltd.

0.35

66

513683

Neyveli Lignite Corpn.

0.10

17

500547

Bharat Petroleum Corpn Ltd.

0.35

67

500672

Novartis India Ltd.

0.50

18

532454

Bharti Tele Ventures Ltd.

0.20

68

500312

ONGC

0.15

19

500825

Britannia Industries Ltd.

0.55

69

500680

Pfizer Ltd.

0.60

20

500870

Castrol India Ltd.

0.30

70

532254

Polaris Software Lab Ltd.

0.55

21

500280

Century Enka Ltd.

0.45

71

532461

Punjab National Bank

0.20

22

500040

Century Textiles

0.60

72

500344

Punjab Tractors Ltd.

0.80

23

500085

Chambal Fertilisers & Chemical

0.55

73

500359

Ranbaxy Laboratories Ltd.

0.70

24

500087

Cipla Ltd.

0.60

74

524230

Rashtriya Chem & Fert. Ltd.

0.10

25

500830

Colgate Palmolive(India)

0.50

75

500330

Raymond Ltd.

0.65

26

531344

Container Corporation of India

0.40

76

500111

Reliance Capital Ltd.

0.55

27

532179

Corporation Bank

0.20

77

500390

Reliance Energy Ltd.

0.50

28

500093

Crompton Greaves Ltd.

0.50

78

500325

Reliance Industries Ltd.

0.55

29

500480

Cummins India Ltd.

0.45

79

500376

Satyam Computer Services Ltd.

0.90

30

500124

Dr Reddy's Laboratories Ltd.

0.75

80

523598

Shipping Corpn Of India Ltd.

0.20

31

532178

Engineers India Ltd.

0.10

81

500550

Siemens Ltd.

0.50

32

500495

Escorts Ltd.

0.70

82

500112

State Bank of India

0.45

33

500135

Essel Propack Ltd.

0.45

83

500113

Steel Authority of India Ltd.

0.15

34

500086

Exide Industries Co. Ltd.

0.50

84

524715

Sun Pharmaceutical Inds Ltd.

0.30

35

532155

Gail (India) Ltd.

0.35

85

500770

Tata Chemicals Ltd.

0.70

36

500660

Glaxo Ltd.

0.55

86

500470

Tata Iron & Steel Co. Ltd.

0.75

37

500300

Grasim Industries Ltd.

0.80

87

500570

Tata Motors Ltd.

0.65

38

500620

Great Eastern Shipping Co. Ltd.

0.80

88

500400

Tata Power Co. Ltd.

0.70

39

500425

Gujarat Ambuja Cements Ltd.

0.70

89

500800

Tata Tea Ltd.

0.75

40

500670

Gujarat Narmada Valley Fertiliser

0.60

90

532371

Tata Teleservices (Maharashtra) Ltd.

0.30

41

532281

HCL Technologies Ltd.

0.25

91

500411

Thermax Ltd.

0.35

42

500010

HDFC

0.80

92

500413

Thomas Cook (India) Ltd.

0.40

43

500180

HDFC Bank Ltd.

0.80

93

500114

Titan Industries Ltd.

0.50

44

500182

Hero Honda Motors Ltd.

0.50

94

532343

TVS Suzuki Ltd.

0.45

45

500440

Hindalco Industries Ltd.

0.80

95

532477

Union Bank Ltd.

0.40

46

500696

Hindustan Lever Ltd.

0.50

96

512070

United Phosphorus Ltd.

0.65

47

500104

Hindustan Petroleum Corp Ltd.

0.50

97

500483

Videsh Sanchar Nigam Ltd.

0.30

48

532174

ICICI Bank Ltd.

1.00

98

507685

Wipro Ltd.

0.20

49

532466

I-Flex Solutions Ltd.

0.50

99

532300

Wockhardt Ltd.

0.30

50

500850

Indian Hotels Co Ltd.

0.65

100

505537

Zee Telefilms Ltd.

0.55

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