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BSE IT
BSE IT Performance
-
Open
41,793.36
-
High
42,944.86
-
Low
41,568.15
-
Prev Close
41,542.32
-
Dividend Yeild
1.63%
-
P/E
34.05
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 | ₹16456 Cr |
₹726.8
(1.24%)
|
34512 | IT - Software |
| NELCO Ltd | ₹2182 Cr |
₹950.5
(0.23%)
|
12639 | Telecomm Equipment & Infra Services |
| Wipro Ltd | ₹298942 Cr |
₹571.4
(0.17%)
|
558063 | IT - Software |
| Black Box Ltd | ₹9557 Cr |
₹566.9
(0%)
|
38552 | IT - Software |
| Tata Elxsi Ltd | ₹41014 Cr |
₹6585.2
(1.06%)
|
27967 | IT - Software |
BSE IT Sector Performance
Top Performing
| Sector Name | Percentage Change |
|---|---|
| Diamond, Gems and Jewellery | 0.85 |
| IT - Hardware | 0.98 |
| Leather | 1.13 |
| Ceramic Products | 0.4 |
Under Performing
| Sector Name | Percentage Change |
|---|---|
| Power Generation & Distribution | -0.18 |
| Readymade Garments/ Apparells | -0.37 |
| Ship Building | -0.82 |
| Engineering | -0.06 |
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 | 16.0975 | 0.11 (0.67%) |
| Nifty 10 Yr Benchmark G-Sec | 2412.77 | -0.27 (-0.01%) |
| Nifty 10 Yr Benchmark G-Sec (Clean Price) | 884.09 | -1.78 (-0.2%) |
| Nifty 100 | 24655.35 | 520.25 (2.16%) |
| Nifty 100 Equal Weight | 31252.45 | 543.6 (1.77%) |
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
- Nov 22, 2024
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- Nov 22, 2024
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- Nov 22, 2024
Indian equity markets closed lower on November 22, bolstered by value buying at lower levels and strong global cues. The Nifty and Sensex both posted notable gains, with the Sensex jumping over 2,000 points. The rally was fueled by a rebound in blue-chip bank stocks, a positive US labour market report, and recovery in Adani Group shares.
Latest Blogs
The NTPC Green Energy IPO allotment status is not available yet. The allotment date for the NTPC Green Energy IPO is 25 November 2024. The NTPC Green Energy IPO status will be updated once the basis of allotment is finalized. Please revisit this website for the latest updates and information.
- Nov 22, 2024
Nifty Prediction for 25th November The benchmark indices staged a strong recovery on Friday, gaining approximately 2.39% after a week-long decline, driven by heavyweights like Reliance, TCS, Infosys, and SBI. The market saw broad-based buying as both mid-cap and small-cap indices rose by around 1%. Key sectoral indices such as Nifty Realty, PSU Bank, and IT surged nearly 3% for the day, adding to the bullish momentum.
- Nov 22, 2024
Swing Trading Stocks for the Week iJoin the club of lakhs of tech savvy investors!
- Nov 22, 2024
Highlights • The Adani Power share continues to attract attention due to its promising performance in the energy sector. • Adani Power stock has shown resilience, making it a key player in India's power generation landscape. • Recent fluctuations in Adani Power stock price have sparked discussions among investors.
- Nov 22, 2024
