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BSE IT
BSE IT Performance
-
Open
43,901.17
-
High
44,158.53
-
Low
43,633.45
-
Prev Close
43,768.40
-
Dividend Yeild
1.53%
-
P/E
35.92
Stocks Performance
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 | ₹17908 Cr |
₹789.5
(1.14%)
|
58600 | IT - Software |
| NELCO Ltd | ₹2813 Cr |
₹1232.9
(0.18%)
|
30155 | Telecomm Equipment & Infra Services |
| Wipro Ltd | ₹288058 Cr |
₹550.65
(0.18%)
|
511751 | IT - Software |
| Black Box Ltd | ₹8584 Cr |
₹510.75
(0%)
|
79589 | IT - Software |
| Tata Elxsi Ltd | ₹48038 Cr |
₹7713.2
(0.91%)
|
23980 | IT - Software |
BSE IT Sector Performance
Top Performing
| Sector Name | Percentage Change |
|---|---|
| Diamond, Gems and Jewellery | 2.64 |
| IT - Hardware | 1.63 |
| Leather | 0.39 |
| Ceramic Products | 0.65 |
Under Performing
| Sector Name | Percentage Change |
|---|---|
| Gas Distribution | -0.98 |
| Paints/Varnish | -0.8 |
| Insurance | -0.36 |
| Infrastructure Investment Trusts | -0.45 |
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 | 12.55 | -0.63 (-4.78%) |
| Nifty 10 Yr Benchmark G-Sec | 2400.65 | 5.47 (0.23%) |
| Nifty 10 Yr Benchmark G-Sec (Clean Price) | 891.28 | 1.92 (0.22%) |
| Nifty 100 | 26419.9 | -41.2 (-0.16%) |
| Nifty 100 Equal Weight | 34778 | -18.2 (-0.05%) |
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
- Sep 13, 2024
BikeWo GreenTech Limited, founded in December 2006, is an electric two-wheeler retailer in India. It has a presence in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat. Operating through three dealership models—State, Diamond, and Platinum—BikeWo employed 36 staff as of 31st January 2024.
- Sep 13, 2024
Excellent Wires and Packaging's initial public offering (IPO) has garnered moderate investor interest, with subscription rates climbing steadily over the three days. Starting modestly on day one, the IPO witnessed a gradual increase in demand, resulting in a 6.33 times oversubscription by the close of day three. This response underscores the market appetite for Excellent Wires and Packaging's shares and sets the stage for its upcoming listing.
- Sep 13, 2024
Western Carriers (India) IPO saw a positive anchor allocation response, with 30% of the total IPO size subscribed by anchor investors. Out of 28,655,813 shares on offer, anchors picked up 8,596,743 shares, demonstrating strong market confidence. The anchor allocation details were reported to the stock exchanges on 12th September 2024, just ahead of the IPO opening on 13th September 2024.
- Sep 13, 2024
Innomet Advanced Materials' initial public offering (IPO) has garnered significant investor interest, with subscription rates climbing steadily over the three-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in an impressive 25.96 times oversubscription by the close of day three. This strong response underscores the robust market appetite for Innomet Advanced Materials' shares and sets the stage for a potentially dynamic listing.
Latest Blogs
Nifty Prediction for 16 September In the week gone by, Nifty witnessed a breakout on weekly expiry day and it registered a new record high of 25433. The index consolidated in a range on Friday, but it managed to end the week around 25350 with weekly gains of a couple of percent.
- Sep 13, 2024
Swing Trading Stocks for the Week iJoin the club of lakhs of tech savvy investors!
- Sep 13, 2024
For millennia, people have chosen to invest in precious metals like silver. Due to their potential for financial gains & portfolio diversification, silver stocks have been more & more popular among investors in recent years. Silver Stocks: What Are They? iJoin the club of lakhs of tech savvy investors!
- Sep 13, 2024
Summary P N Gadgil Jewellers IPO has received a strong response from investors, closing with an impressive subscription of 59.40 times by 12th September 2024 at 5:49:08 PM (Day 3). The public issue witnessed substantial demand across various investor categories, with the Qualified Institutional Buyers (QIB) category leading the charge. The QIB segment was subscribed 136.85 times, reflecting significant interest from institutional investors.
- Sep 13, 2024
