BSE Bankex

Banking sector reforms such as fall in interest rates, and enactment of Securitization Bill have given a major fillip to Indian banking industry. These developments have significantly impacted the performance of bank stocks and bank stocks have emerged as a major segment in the equity markets. Hence, BSE considered it important to design an index exclusively for bank stocks.

The index, named as Bankex, is based on the free float methodology of index construction. Bankex tracks the performance of the leading banking sector stocks listed on the BSE. Twelve stocks, which represent 90 percent of the total market capitalization of all banking sector stocks listed on BSE, are included in the index.

The base date for Bankex is 1st January 2002 and the base value is 1000 points.