HUDCO To Enter BSE 500, DMART To BSE 200

The Bombay Stock Exchange (BSE) announced that Housing and Urban Development Corporation Ltd (HUDCO) will be added to BSE 500 index, while Avenue Supermarts Limited (DMART) will be added to BSE 200 index.

The changes will be effective from July 19, 2017.

The S&P BSE 500 index is designed to be a broad representation of the Indian market. Consisting of the top 500 companies listed at BSE Ltd., the index covers all major industries in the Indian economy. The S&P BSE 200 index is designed to measure the performance of the top 200 companies listed at BSE Ltd., based on size and liquidity across sectors.

For a stock to get into BSE 200 index, it must have a listing history of at least three months at BSE. An exception may be granted if the average float-adjusted market capitalisation of a newly listed stock ranks in the top 10 of all stocks listed on BSE. In such cases, the minimum listing history required is one month.

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About Suhani Varma

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