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  5. BSE shares hit record high, near ₹5,000 mark; stock skyrockets over 228% in 12 months

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BSE shares hit record high, near ₹5,000 mark; stock skyrockets over 228% in 12 months

Upstox
By Upstox News Desk

3 min read | Updated on October 14, 2024, 14:25 IST

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SUMMARY

The BSE stock has been one of the biggest wealth creators for its shareholders, as the share price of the company has jumped over 228% in the past 12 months and 2,665% over the past five years.

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Earlier this month, Asia Index, a wholly-owned subsidiary of BSE Ltd., announced the launch of three new indices: BSE Sensex Sixty 65: 35, BSE Sensex Sixty, and BSE Power and Energy Index

Earlier this month, Asia Index, a wholly-owned subsidiary of BSE Ltd., announced the launch of three new indices: BSE Sensex Sixty 65: 35, BSE Sensex Sixty, and BSE Power and Energy Index

BSE share price: Shares of BSE Ltd, the oldest stock exchange in Asia, surged as much as 10.97% to hit a record high of ₹4,989.80 apiece on the NSE on Monday, October 14. 
BSE shares are on a rising spree as its rival, the National Stock Exchange (NSE), recently announced that starting November 20, 2024, the weekly derivative contracts for the Nifty Bank, Nifty Midcap, and Nifty Financial Services will be discontinued and will be turned into monthly contracts. 

Shares of the company have jumped over 22% in the past five sessions. 

According to analysts, the move is seen as positive for the BSE, as trading volumes are likely to shift to its platform, leading to an increase in transactions and revenue for it.

"With only one benchmark index available for launch of weekly expiry, NSE/BSE will continue with Nifty/Sensex. Earlier, since NSE had an expiry on all days except Friday, BSE found it difficult to scale up volumes. Nevertheless, BSE will now have three more days to compete against NSE," Business Standard said in its recent report. 
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The BSE stock has been one of the biggest wealth creators for its shareholders, as the share price of the company has jumped over 228% in the past 12 months and 2,665% over the past five years. 

Earlier this month, Asia Index, a wholly-owned subsidiary of BSE Ltd., announced the launch of three new indices: BSE Sensex Sixty 65: 35, BSE Sensex Sixty, and BSE Power and Energy Index.

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These indices can be used for benchmarking PMS strategies, mutual fund schemes, and fund portfolios, Asia Index said in a statement.

The indices can also be used for running passive strategies such as ETFs and index funds, as well as gauging the performance of companies in the aforesaid sectors.

Further, investors can now access a broader spectrum of market opportunities, enriching their investment strategies with the latest additions to BSE's suite of indices, it added.

BSE Sensex Sixty 65:35 comprises the constituents of BSE Sensex and BSE Sensex Next 30 in the ratio of 65:35, respectively.

BSE Sensex Sixty consists of the constituents of Sensex and BSE Sensex Next 30 in order of their free float market capitalisation, while the Power and Energy Index will measure the performance of companies that are present in the BSE 500 from the 'Energy' and 'Utility' sectors.

With PTI inputs
Uplearn

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Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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