S&P BSE IT Sector Live Chart
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S&P BSE IT Sector Performance
Days Range
Previous Close44,983.78
Open45,039.21
52W Range31,939.98 - 45,154.10
P/E Ratio35.49
S&P BSE IT Sector Companies
|
Company
 |
LTP
|
Change
|
Day Range
|
|
|---|---|---|---|---|
|
63 Moons Tech. |
₹918.65 |
43.70 (4.99%) |
₹872.00 - ₹918.65 |
|
|
Accelya Solution |
₹1,585.00 |
20.40 (1.30%) |
₹1,561.00 - ₹1,596.15 |
|
|
Affle India |
₹1,813.85 |
39.30 (2.21%) |
₹1,767.20 - ₹1,821.00 |
|
|
AXISCADES Tech. |
₹562.70 |
-0.35 (-0.06%) |
₹555.40 - ₹569.10 |
|
|
Birlasoft Ltd |
₹612.50 |
4.65 (0.76%) |
₹600.30 - ₹617.00 |
|
|
Black Box |
₹696.55 |
2.65 (0.38%) |
₹683.90 - ₹701.05 |
|
|
BLS E-Services |
₹215.00 |
-1.05 (-0.49%) |
₹214.65 - ₹218.75 |
|
|
C.E. Info System |
₹1,793.55 |
-23.45 (-1.29%) |
₹1,771.00 - ₹1,809.90 |
|
|
Cigniti Tech. |
₹1,856.15 |
39.85 (2.19%) |
₹1,818.70 - ₹1,863.25 |
|
|
Coforge |
₹8,992.40 |
-13.75 (-0.15%) |
₹8,959.00 - ₹9,037.00 |
|
|
Control Print |
₹742.45 |
5.45 (0.74%) |
₹718.60 - ₹743.65 |
|
|
Cyient |
₹2,080.50 |
17.00 (0.82%) |
₹2,070.00 - ₹2,111.50 |
|
|
Datamatics Glob. |
₹642.00 |
3.75 (0.59%) |
₹629.40 - ₹648.10 |
|
|
D-Link India |
₹621.30 |
16.05 (2.65%) |
₹603.90 - ₹636.00 |
|
|
Dynacons Sys. |
₹1,480.00 |
12.00 (0.82%) |
₹1,464.95 - ₹1,526.65 |
|
|
eMudhra |
₹908.40 |
5.15 (0.57%) |
₹900.25 - ₹920.80 |
|
|
Expleo Solutions |
₹1,435.45 |
60.90 (4.43%) |
₹1,381.40 - ₹1,449.95 |
|
|
Genesys Intl. |
₹971.60 |
8.70 (0.90%) |
₹967.05 - ₹991.95 |
|
|
Happiest Minds |
₹759.40 |
-3.00 (-0.39%) |
₹759.00 - ₹767.90 |
|
|
HCL Technologies |
₹1,930.75 |
-4.35 (-0.22%) |
₹1,916.55 - ₹1,934.60 |
|
|
InfoBeans Tech. |
₹464.70 |
7.05 (1.54%) |
₹451.15 - ₹469.90 |
|
|
Infosys |
₹1,968.70 |
20.00 (1.03%) |
₹1,947.35 - ₹1,977.55 |
|
|
Intellect Design |
₹844.85 |
-7.15 (-0.84%) |
₹843.65 - ₹861.00 |
|
|
KPIT Technologi. |
₹1,548.80 |
9.50 (0.62%) |
₹1,526.40 - ₹1,554.50 |
|
|
Ksolves India |
₹970.00 |
-6.35 (-0.65%) |
₹965.00 - ₹984.75 |
|
|
L&T Technology |
₹5,372.60 |
4.00 (0.07%) |
₹5,337.60 - ₹5,406.00 |
|
|
Latent View |
₹515.90 |
21.05 (4.25%) |
₹491.25 - ₹519.50 |
|
|
LTIMindtree |
₹6,606.00 |
31.40 (0.48%) |
₹6,542.55 - ₹6,670.45 |
|
|
Magellanic Cloud |
₹74.00 |
-0.95 (-1.27%) |
₹73.01 - ₹77.67 |
|
|
Mastek |
₹3,243.95 |
-31.70 (-0.97%) |
₹3,205.45 - ₹3,287.10 |
|
|
Mphasis |
₹3,176.45 |
-6.75 (-0.21%) |
₹3,131.20 - ₹3,197.25 |
|
|
NELCO |
₹1,376.80 |
17.70 (1.30%) |
₹1,334.30 - ₹1,398.45 |
|
|
Netweb Technol. |
₹2,870.35 |
-23.85 (-0.82%) |
₹2,826.00 - ₹2,937.90 |
|
|
Newgen Software |
₹1,428.85 |
12.85 (0.91%) |
₹1,395.30 - ₹1,429.50 |
|
|
Nucleus Soft. |
₹1,137.10 |
-2.90 (-0.25%) |
₹1,130.00 - ₹1,162.95 |
|
|
Onward Technolog |
₹340.50 |
3.55 (1.05%) |
₹336.85 - ₹346.10 |
|
|
Oracle Fin.Serv. |
₹12,240.20 |
-1.85 (-0.02%) |
₹12,117.00 - ₹12,349.95 |
|
|
Persistent Sys |
₹6,364.20 |
23.40 (0.37%) |
₹6,264.05 - ₹6,371.20 |
|
|
Quick Heal Tech |
₹642.00 |
-3.35 (-0.52%) |
₹639.75 - ₹646.35 |
|
|
R Systems Intl. |
₹492.50 |
-1.40 (-0.28%) |
₹487.65 - ₹504.35 |
|
|
Ramco Systems |
₹497.05 |
-16.90 (-3.29%) |
₹496.50 - ₹522.35 |
|
|
Rashi Peripheral |
₹413.35 |
-4.45 (-1.07%) |
₹413.00 - ₹430.00 |
|
|
Rategain Travel |
₹721.05 |
-13.40 (-1.82%) |
₹714.00 - ₹734.35 |
|
|
Sasken Technol. |
₹2,058.00 |
-59.05 (-2.79%) |
₹2,044.00 - ₹2,149.95 |
|
|
Sonata Software |
₹682.95 |
11.50 (1.71%) |
₹666.05 - ₹684.90 |
|
|
Subex |
₹25.66 |
-0.42 (-1.61%) |
₹25.55 - ₹26.17 |
|
|
Tanla Platforms |
₹704.65 |
-15.85 (-2.20%) |
₹703.35 - ₹721.85 |
|
|
Tata Elxsi |
₹7,345.95 |
-57.05 (-0.77%) |
₹7,328.00 - ₹7,413.00 |
|
|
Tata Technolog. |
₹942.80 |
-0.10 (-0.01%) |
₹941.15 - ₹946.00 |
|
|
TCS |
₹4,427.55 |
-4.40 (-0.10%) |
₹4,407.60 - ₹4,449.90 |
|
|
Tech Mahindra |
₹1,754.10 |
-9.40 (-0.53%) |
₹1,750.20 - ₹1,769.50 |
|
|
Vakrangee |
₹28.03 |
2.54 (9.96%) |
₹25.31 - ₹28.03 |
|
|
Wipro |
₹309.00 |
1.10 (0.36%) |
₹305.55 - ₹309.90 |
|
|
Xchanging Sol. |
₹120.50 |
7.60 (6.73%) |
₹112.60 - ₹122.50 |
|
|
Zaggle Prepaid |
₹575.95 |
-1.25 (-0.22%) |
₹562.00 - ₹593.95 |
|
|
Zensar Tech. |
₹804.25 |
1.35 (0.17%) |
₹795.50 - ₹815.00 |
|
S&P BSE IT Sector Sectors
| Sector Name | Advances | No Change | Declined |
|---|---|---|---|
| IT - Hardware | 0 | 2 | 2 |
| IT - Software | 26 | 50 | 24 |
| Telecomm Equipment & Infra Services | 1 | 1 | 0 |
| Trading | 0 | 2 | 2 |
What is BSE IT?
BSE calculates various indices in India, like the BSE Sensex, BSE 100, etc., to study the overall movement in the market. But, the constituents of these indices are a group of stocks that belong to contrasting sectors. Although these indices provide a view of the overall changes in the market, it is hard to calculate the effect of every sector separately. Hence, the BSE launched 11 sectoral indices in April 2015.
The BSE IT index is also a part of these sectoral indices. The rise of India as an economic powerhouse in the 21st century has come on the back of the growing Information Technology industry. With the wide acceptability of the Indian IT sector and the efforts of the government to digitize its activities, understanding the movement of IT stocks is important.
BSE IT comprises all the stocks of companies that provide IT or related services. These stocks are picked from the constituents of the BSE All Cap index. At present, 62 constituents are listed on the S&P BSE IT index. These stocks are ranked based on the free-float market capitalization.
While the free-float method is used to rank the stocks, the market capitalization of the BSE IT constituents is capped to arrive at the final value of the index. This means that there is a maximum weightage that one stock or a group of stocks can hold in the index. The rebalancing of the BSE IT index is carried out annually in September. Although, the status of the constituents is reviewed quarterly in December, March, and June.
With technological advancements, more and more businesses are dependent on IT to power efficient business processes. This creates an enlarged role for the IT sector to play in the growth of an economy, especially the developing economies like India. Hence, it can be helpful for analysts to study the movement of BSE IT to draw inferences about the overall market movements.
Orgainisation
S&P BSE IT Sector
Exchange
BSE
How is BSE IT Calculated?
For a stock to be considered for listing on the sectoral indices, it must be a part of the BSE All Cap index also. So, all the stocks that belong to IT or related services are picked and ranked based on the free-float market capitalization.
But, to take it a step further, the BSE IT index doesn’t consider free-float market capitalization as the valuation method. Rather it applies a cap on the maximum weightage that a stock can have on the index. Here are the rules for capping the BSE IT constituents and the method of rebalancing.
- A single company cannot hold more than 33% weightage on the index.
- The aggregate weight of the top 3 companies shouldn’t exceed 63%
- In the case of the above conditions being breached, excess weight is reduced from the capped constituents, and distributed among the uncapped constituents to rebalance the index.
Consider the following example of 5 constituents:
| Company Name | Weights in BSE IT Index |
| M | 35.00% |
| N | 20.00% |
| O | 17.50% |
| P | 16.50% |
| Q | 11.00% |
| Total | 100.00% |
In the above table, Company M has a higher weight as per the free-float method, which comes to 35%. But, as per the rule, the maximum weight can only be 33%. Hence, the constituents can be rebalanced as follows.
| Companies | Original Weight | Calculation | New Weight |
| M | 35.00% | (35 – 2)% | 33.00% |
| N | 20.00% | (20 + (2 ÷ 65 x 20))% | 20.62% |
| O | 17.50% | (17.50 + (2 ÷ 65 x 17.50))% | 18.04% |
| P | 16.50% | (16.50 + (2 ÷ 65 x 17.50))% | 17.01% |
| Q | 11.00% | (11 + (2 ÷ 65 x 11))% | 11.34% |
| Total | 100.00% | 100.00% |
- Note: The total weight of the uncapped constituents is 65%, i.e., (100-35)%
After the above rebalancing, the new weights cannot be considered the final index weights. This is because the second condition is still not fulfilled, i.e., the maximum weight of the top 3 constituents is 63%. So, further rebalancing needs to be conducted to arrive at the final index figures.
To calculate the BSE IT share price, the excess weights need to be reduced from the top 3 constituents and distributed proportionately among the remaining uncapped constituents.
S&P BSE IT Sector FAQs
All the stocks listed on the BSE All Cap index can be grouped into Information technology, and related activities sectors are chosen as the constituents of the BSE IT index. Currently, the index comprises 62 IT stocks in India that provide software and technology-based solutions to companies from around the globe.
How to invest in BSE IT?
You can invest in the BSE IT index in the following ways:
- By purchasing each of the 62 constituents of the index separately in proportion to their index weights.
- Alternatively, it is easier to invest in an index fund that invests in the BSE IT stocks. The fund can manage the benefit of scale and also invest in all the shares separately, which might be inconvenient for individuals.
What is the objective of BSE IT?
With the rise of technology and digitization, it has become almost impossible to think of businesses without the use of software and IT-related services. As a result, it is important to study the performance of this key sector to form a correct opinion about the economy. The BSE IT share price reflects the value of all the index constituents, making it easy for investors to study the overall effect.
Is investment in BSE IT safe?
All types of investments carry a certain degree of risk. In the case of stock investments, the risk is related to the fluctuation in market prices, i.e., market risk. You can simply diversify your portfolio by investing in multiple stocks to reduce the market risk. With the BSE IT index, you can invest in all 62 stocks and enjoy the benefits of diversification. This makes BSE IT safer than other investment options.
