BSE Mid-Cap

The S&P BSE Mid-Cap index is a benchmark index that reflects the performance of mid-sized companies listed on the Bombay Stock Exchange (BSE) in India. As part of the S&P BSE index series, which includes various indices representing different market segments, the Mid-Cap index focuses explicitly on mid-sized companies that fall between large-cap and small-cap categories in terms of market capitalisation.

The S&P BSE Mid-Cap index comprises the top mid-sized companies listed on the Bombay Stock Exchange (BSE).

The value of the S&P BSE Mid-Cap index is computed using the free-float market capitalisation-weighted methodology. It entails determining the index value by considering the aggregate market value of all the component stocks. The market capitalisation for each stock is derived by multiplying its prevailing market price by the number of outstanding shares.

The formula for computing the index value is as follows:

Index Value = (Total Free Float Market Capitalization / Base Market Capitalization) x Base Index Value

The weightage of individual stocks within the S&P BSE Mid-Cap is established as a percentage of the overall market capitalisation encompassing all index stocks. Stocks with larger market capitalisations have a more significant impact on the index value. As of January 2024, the weightage of individual stocks in the S&P BSE Mid-Cap index are -

No, F&O trading is not possible in BSE Midcap index.

The stocks for the S&P BSE Mid-Cap index are selected based on their free-float adjusted market capitalisation. The top 30 companies with market capitalisations within a specified range are included in the index. Additionally, these stocks need to meet specific liquidity criteria. The composition of the S&P BSE Mid-Cap index is reviewed and adjusted semi-annually to reflect changes in the market.

The closing price of the S&P BSE Mid-Cap index is determined based on the closing prices of the individual stocks that constitute the index. The closing price of each stock after a trading day is recorded and the free-float market capitalisation-weighted methodology is employed to evaluate the index's closing price. This closing price may change daily based on the market prices of stocks.

The S&P BSE Mid-Cap index measures the performance of the top 30 mid-cap stocks listed on the Bombay Stock Exchange (BSE). Hence, buying or selling S&P BSE units directly is impossible. However, you can invest in index funds tracking the performance of BSE MIdcap index.