February 11, 2013 / 12:06 PM IST
MCX-SX, India's third full-fledged equity bourse after BSE and NSE, will go live today (Monday, February 11) with its 40-stock Index named SX40.
The SX40 will be a free-float based index of large-cap and liquid stocks, representing diverse sectors. The base value will be 10,000 with a base date of March 31, 2010.
The index included companies that have a minimum free float of 10 percent and must have a positive net-worth. MCX-SX has taken stocks from 100 liquid companies for its SX40. "After filtering from top 100 liquidity ranking, stock must be among top 50 in terms of Average free float market capitalization," MCX-SX said.
MCX-SX vice-chairman Jignesh Shah does not expect huge turnover on Day 1. "Volume will go up over period of time. Over a long period of time we will have our own pie of share," he adds.
He said sector indices would also start over a period of time.
"A free float based index of 40 large cap - liquid stocks representing diversified sectors of the economy. SX40 is designed to measure the economic performance with better representation of various industries and sectors following globally acknowledged Industry Classification Benchmark (ICB®). The Index is devised to offer cost-effective support for investment products such as index futures and option, index portfolio, exchange traded funds, Index funds, etc," MCX-SX said.
The exchange will go live with cash and futures & options (F&O) segments. A total of 1116 companies will start trading in cash segment and out of which, 143 stocks are included in F&O.
Following is the list of 40 stocks:| SECURITY |
| ACC LTD |
| AMBUJA CEMENTS LTD |
| ASIAN PAINTS LTD |
| BAJAJ AUTO LTD |
| BHARTI AIRTEL LTD |
| BHEL |
| BHARAT PETROLEUM CORP LTD |
| CAIRN INDIA LTD |
| CIPLA LTD |
| COAL INDIA LTD |
| DR. REDDY'S LABORATORIES |
| GAIL (INDIA) LTD |
| HCL TECHNOLOGIES LTD |
| HDFC LTD |
| HDFC BANK LTD |
| HERO MOTOCORP LTD |
| HINDALCO INDUSTRIES LTD |
| HINDUSTAN UNILEVER LTD. |
| ICICI BANK LTD. |
| INFOSYS LTD |
| ITC LTD |
| JINDAL STEEL & POWER LTD |
| JAIPRAKASH ASSOCIATES LTD |
| LARSEN & TOUBRO LTD. |
| LUPIN LTD |
| MAHINDRA & MAHINDRA LTD |
| MARUTI SUZUKI INDIA LTD. |
| NTPC LTD |
| OIL AND NATURAL GAS CORP. |
| POWER GRID CORP. LTD |
| RELIANCE INDUSTRIES LTD |
| SUN PHARMACEUTICALS IND. |
| TATA MOTORS LTD |
| TATA POWER CO LTD |
| TATA STEEL LTD |
| TATA CONSULTANCY SERV LTD |
| TITAN INDUSTRIES LTD |
| UNITED SPIRTS LTD |
| WIPRO LTD |
| ZEE ENETERTAINMENT LTD |
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