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BSE BANKEX-Banking Index

BSE BANKEX- Commentary.... Click here


In view of the emergence of banking stocks as a major segment in the equity markets, BSE considered it desirable to design an index exclusively for bank stocks.


A few important features of the BANKEX are given below:

*BANKEX tracks the performance of the leading banking sector stocks listed on the BSE

*BANKEX is based on the free-float methodology of index construction

*The base date for BANKEX is 1st January 2002.

*The base value for BANKEX is 1000 points

*BSE has calculated the historical index values of BANKEX since 1st January 2002.

*12 stocks which represent 90 percent of the total market capitalization of all banking sector stocks listed on BSE are included in the Index

*The Index is disseminated on a real-time basis through BSE Online Trading (BOLT) terminals.

Scrip Selection Criteria for BSE Bankex :

Eligible Universe

Scrips classified under the banking sector that are present constituents of BSE-500 index form the eligible universe.

Trading Frequency

Scrips should have a minimum trading frequency of 90% in preceding three months.

Market capitalization

Scrips with a minimum market capitalization coverage of 90% in banking sector based on free-float final rank form the index.


A buffer of 2% both for inclusion and exclusion in the index is considered so that movements in and out of the index are minimized. For example, a company can be included in the index only if it falls within 88% coverage and an existing index constituent cannot be excluded unless it falls above 92% coverage. However, the above buffer criterion is applied only after the minimum 90% market coverage is satisfied.


Click here for Stocks forming part of the BANKEX

Click Here For Latest Bank Results

Click Here For NSE Live Stock Quotes

Click Here For Guide to Stock/Capital Market

Click Here For Global Stock Market Index

Click Here For Directory of Banks

Click Here For Bank Holidays

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