iThe current values are delayed, open demat account for live values.
BSE IT
BSE IT Performance
Day Range
- Low 33546.71
- High 33975.58
- Open33,966.86
- Previous Close33,997.85
- Dividend Yeild2.14%
-
High
33975.58
-
Low
33546.71
-
Day Open Price
33966.86
-
Prev Close
33997.85
-
P/E
28.19
Color code for Stocks Performance
- 5% and above
- 5% to 2%
- 2% to 0.5%
- 0.5% to -0.5%
- -0.5% to -2%
- -2% to -5%
- -5% and below
Constituent Companies
Company | Market Cap | Market Price | Volume | Sector |
---|---|---|---|---|
Zensar Technologies Ltd | ₹13692 Cr |
₹607
(1.49%)
|
73475 | IT - Software |
NELCO Ltd | ₹1646 Cr |
₹715
(0.31%)
|
12480 | Telecomm Equipment & Infra Services |
Wipro Ltd | ₹236112 Cr |
₹451.35
(0.22%)
|
366948 | IT - Software |
Black Box Ltd | ₹3702 Cr |
₹223.4
(0%)
|
10742 | IT - Software |
Tata Elxsi Ltd | ₹44358 Cr |
₹7102
(0.98%)
|
9495 | IT - Software |
BSE IT Sector Performance
Top Performing
Sector Name | Percentage Change |
---|---|
Diamond, Gems and Jewellery | 0.59 |
IT - Hardware | 1.02 |
Healthcare | 0.36 |
Banks | 0.6 |
Under Performing
Sector Name | Percentage Change |
---|---|
Leather | -0.04 |
Ceramic Products | -0.13 |
Dry cells | -0.39 |
IT - Software | -0.17 |
BSE IT
The Information Technology (IT) sector is gaining prominence rapidly as the world is gradually stepping into complete digitization.
As India has become an IT hub for companies of all sizes, it is the ideal time to start investing in this sector. The increased dependency on IT in day-to-day life has led to rising demand for IT products and solutions. Thus, it is safe to say that investing in BSE IT indexes will only yield profitable returns.
The S&P BSE IT (Information Technology) is designed to provide investors with a benchmark that reflects companies that are listed on the S&P BSE AllCap and are involved in the information technology (IT) sector.
IT equities offer larger investment returns and simpler price trend prediction than stocks from other sectors. IT stocks are currently in high demand in the stock market.
BSE IT Scrip Selection Criteria
The following broad criteria should be followed while choosing SENSEX constituents:
● Listing Record: The stock must have a minimum of three months of BSE listing background. If the total market value of a recently listed firm falls within the top ten on the listing of BSE world, the standard minimum of three months is decreased to one month. A minimum listing record is not necessary if a firm is registered due to a merger, divestiture, or absorption.
● Trading Volume: During the previous three months, the scrip should’ve been exchanged on every other trading session. Dire situations, such as the stoppage of scrip, may warrant an exception.
● Market Cap Weightage: Depending on the three-month average free-float market cap, every scrip’s weightage in SENSEX must be a minimum of 0.5% of the IT index.
● Sector/Industry Representation: The selection of scrip would typically consider a true reflection of the BSE universe’s listed firms.
● Track Record: According to the Index Committee, the firm must have a respectable track history.
Other Indices
Indices Name | Price | Price Change (% change) |
---|---|---|
India VIX | 18.4725 | 0.27 (1.5%) |
Nifty 10 Yr Benchmark G-Sec | 2288.58 | 1.6 (0.07%) |
Nifty 10 Yr Benchmark G-Sec (Clean Price) | 873.83 | 0.61 (0.07%) |
Nifty 100 | 22909.1 | 118.9 (0.52%) |
Nifty 100 Equal Weight | 29758.1 | 244.45 (0.83%) |
Faqs
How many benchmark BSE IT indices are there?
The baseline indicator of the BSE in India is referred to as the “Sensex.” The Sensex, which measures the Indian economy, consists of 30 of the biggest and busiest equities on the BSE.
How many different BSE subtypes exist?
On BSE, there are as many as 23 groups. Some of them, nevertheless, may not apply to stocks. Fixed-income instruments and government securities are divided into different categories in the lending market.
What is the near future of IT shares?
Experts predict that impact on IT (information technology) shares will continue in the coming years as a result of a variety of causes, such as the volatile securities industry and the deteriorating economic circumstances in significant global economies.
What are the two best BSE IT stocks to invest in for the long term?
In the large-capitalization sector, the ideal IT stocks in India are:
● By market capitalization, TCS is by far the biggest IT business in India.
● Infosys, the second-largest producer of IT solutions in the nation, is a fantastic company to hold for the long term.
What is the reason behind the sudden downfall of IT stocks?
The majority of the profits made by Indian businesses come from their foreign customers. The state of the world markets has long been one of decline. The downturn has had the most impact on the IT businesses. The IT sector’s performance is directly correlated to how the international economy is performing right now.
Should I start investing in IT stocks?
The information technology sector is among India’s most important industries and a significant source of export earnings. By 2025, the market is anticipated to generate roughly 10% of GDP, up from its present 7.7% share.
Latest News
- May 10, 2024
Polycab India share price surged 65% to a fresh all-time high of ₹6,242 from a low of ₹3,801 in January when the stock grabbed headlines after an IT raid of mul
- May 10, 2024
Tata Motors has planned to de-merge its vehicle financing subsidiaries, which are currently operating under Tata Motors Finance
- May 10, 2024
Abbott India share price climbed 5% in early trading today, buoyed by the company's robust performance in the January-March qua
- May 10, 2024
Today, Bharat Petroleum Corporation (BPCL) share price rose by 4% even though the company's fourth-quarter earnings fell short
Latest Blogs
Our markets corrected sharply in last one week owing to nervousness amongst market participants due to rising volatility and selling by FIIs. The index sneaked below 22000 level on Thursday, but managed to end the week tab above it with a weekly loss of almost a couple of percent.
- May 10, 2024
The field of nanotеchnology is changing very quickly. As we move into 2024, nеw nanotеch stocks in India will be ablе to give invеstors hugе gains. Nanotеchnology stocks are now a popular way to invеst. Thе global nanotеchnology markеt is projеctеd to hit a massive $125.8 billion by 2028 and growing at a CAGR of 17.5% from 2021 to 2028. This article will discuss thе bеst nano tеch stocks in 2024 and look at thеir potential and what makеs thеm stand out in this fast pacеd businеss.
- May 10, 2024
The bеst stocks to invest undеr Rs.20 in 2024 can bе a gamе changеr for intеlligеnt invеstors. With thе Indian stock markеt sеt for continuеd growth and thе potеntial for finding sеcrеt gеms and high potеntial stocks sеlling at low pricеs is morе hopеful than еvеr. This article will еxplorе thе top stocks to buy undеr Rs.20 that allow invеstors to capitalizе on thе markеt's growth potential while controlling their risk and capital allocation.
- May 10, 2024
The sugar business is an integral part of the Indian economy, adding significantly to the country's farming sector and offering job chances to millions of people. With the increasing demand for sugar domestically and worldwide, buying in sugar stocks can benefit investors looking to broaden their portfolios. In this piece, we will review the best sugar stocks in India for 2024.
- May 10, 2024