BSE Stock Soars 11% to Record High, Annual Gain Hits 228%, Find Out More!BSE Stock Soars 11% to Record High, Annual Gain Hits 228%, Find Out More!

Shares of BSE Ltd, Asia’s oldest stock exchange, surged nearly 11% on Monday, October 14, reaching a record high of ₹4,989.80 on the NSE. The stock has seen significant growth, skyrocketing 228% over the past year and an impressive 2,665% over five years.

This recent rally comes after the National Stock Exchange (NSE) announced the discontinuation of weekly derivative contracts for the Nifty Bank, Nifty Midcap, and Nifty Financial Services indices from November 20, 2024, switching them to monthly contracts. BSE shares have jumped over 22% in just five trading sessions.

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Earlier this month, BSE’s subsidiary, Asia Index, launched three new indices: BSE Sensex Sixty 65:35, BSE Sensex Sixty, and BSE Power and Energy Index. These indices aim to serve as benchmarks for PMS strategies, mutual funds, and passive investment vehicles such as ETFs and index funds.

The BSE Sensex Sixty 65:35 Index combines BSE Sensex and BSE Sensex Next 30 constituents in a 65:35 ratio. Meanwhile, the BSE Sensex Sixty Index ranks companies based on their free float market capitalization, expanding investment opportunities for market participants.

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Additionally, the BSE Power and Energy Index will track the performance of companies from the energy and utility sectors within the BSE 500 index, offering investors a more focused avenue for investing in these critical industries.