Dollex series of BSE indices
All BSE indices reflects the growth in market value of constituent stocks over the base period in rupee terms, a need was felt to design a yardstick by which these growth values are measured in dollar terms. Such an index would reflect, in one value, the changes in both the stock prices and the foreign exchange variation. This is facilitated by the introduction of a dollar-linked index in which the formula for calculation of index is suitably modified to express the current and base market values in dollar terms. The scope for dollar-linked index emerged from the background of Indian equity markets increasingly getting integrated with global capital markets and the need to assess the market movements in terms of international benchmarks. This dollar-linked index is useful to overseas investors, as it helps them measure their 'real returns' after providing for exchange rate fluctuations.
BSE presently calculates dollar-linked version of SENSEX and BSE-200. Dollex-30 was launched on July 25, 2001 whereas Dollex-200 on May 27, 1994. These indices were initially calculated at the end of the trading session by taking into consideration day's rupee/ US$ reference rate as announced by India 's Central Bank i.e. Reserve Bank of India .
BSE announced introduction of
Dollex-100, a dollar linked version of BSE-100 index effective from May 22, 2006
and from this date onwards Dollex-30, Dollex-100 and Dollex-200 are calculated
and displayed through BSE On-line trading terminals (BOLT) by taking into
account real-time Re./US$ Exchange rate. The formula for calculating the index
is:
| Dollex = | Index Value (In local currency) * Base rupee-US$ rate |
| Current rupee-US$ rate |
All About Sensex, Launch of BSE Sensex
What is Sensex in the stock market?
What
are the objectives of SENSEX?
How to
calculate BSE SENSEX?
What is the beta of SENSEX scrips?
SENSEX - Scrip selection criteria
Maintenance of SENSEX
How is the closing Index calculated?
What are the criteria for selection and review of scrips for the SENSEX?
Who selects these 30 stocks & How do they select these 30 stocks?
Dollex series of BSE indices
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