|The BSE-TECk is a stock index constituted of companies in the Information Technology, Media and Telecom sectors. It tracks the performance of TMT (Technology, Media, and Telecom) sectors through a basket of 21 quality stocks. The BSE TECk Index provides a quality benchmark for the investment community in the knowledge-based sectors. The Base date for BSE TECk Index is April 2, 2001. The Base Value for BSE TECk Index is 1000 points. Scrips with a minimum of 90% market capitalisation coverage in each sector based on free-float final rank will form the index.
The TMT sectors have seen heightened activity in the last couple of years and the stock valuations of the companies in these sectors have witnessed extraordinary instability. This led to a strong Bull Run in the TMT stocks in 1999 and early 2000. During this period of high volatility, both the retail investors and mutual fund managers felt the need of a proper benchmark that could suitably reflect the performance of the TMT sectors. It is to fill this void that the BSE-TECk index is being positioned as a reliable index for benchmarking the performance of the TMT sectors.