BSE 500 Index

On August 9, 1999, Bombay Stock Exchange constructed a new index, namely, BSE-500, consisting of 500 scrips in its basket. BSE-500 index represents nearly 93% of the total market capitalisation on Bombay Stock Exchange Limited.

BSE 500 represents all 20 major industries of the economy. It reflects the changing pattern of the economy and that of the market. The BSE-500 index was initially calculated on a full market capitalization methodology. Since August 16, 2005, the index is computed on a free-float methodology in line with sensex.

Year 1998-99 has been chosen as the base year, and February 1, 1999 has been selected as the base date for its proximity to the current period. The base value has been fixed at 1000 points in order to keep the index comparable with other similar indices.