NSE BSE
metal

METAL

- - (%)
Sector: -

14

METAL

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No Data Available

METAL Performance

Day Range

Low33386.60 High33842.73
33605.56

52 Week Range

Low 19368.71 High 34167.05
33605.56

Open Price

33580.32

Prev. Close

33605.56

Volume (Shares)

.00

Total traded value

.00

Upper Circuit

.00

Lower Circuit

.00

Companies

COMPANY CURRENT PRICE OPEN PRICE CLOSE PRICE CHANGE %

    

The only way to a successful investment journey is to forecast the behaviour of stocks. However, it is difficult and challenging to predict the behaviour of the stock market, or any sector of stocks. This exercise is almost impossible to do without proper analytical and statistical tools. 

 

With the assistance of various analytical and statistical tools, you bring an element of calculation and scientific approach to your investments that increase the chances of your profit and decrease your exposure to risks.

 

One such statistical tool widely used by investors is an index, which can help you in tracking the performance of equity and other assets. While there are broad-indices, you can also opt for sectoral indices, or thematic indices, or strategic indices, as per your requirement and need.

 

In case you are interested in knowing about stocks belonging to metal, metal product and mining stocks, S&P BSE Metal index can assist you in tracking and monitoring the performance of top stocks in this sector that are listed at the BSE. Read on to know more about S&P BSE Metal index.

 

Introducing S&P BSE Metal  

 

The S&P BSE Metal index is a sector index. The sector indices are equity benchmarks for traded securities in several broadly defined economic sectors. This index is calculated and disseminated by S&P Dow Jones Indices, in partnership with BSE. 

 

It comprises a minimum of 10 companies from the S&P BSE 500 index that are classified as members of the metal, metal products and mining sector as defined by the BSE industry classification system. 

 

S&P BSE Metal is reviewed on a semi-annual basis and the effective date is the Monday following the third Friday of June and December, while the reference date is the last trading day of April and October. 

 

This index was launched in August 23, 2004 and its first value date was marked as February 1, 1999. It has a base value of 1000.

 

S&P BSE Metal Selection Criteria 

 

S&P BSE Metal index is selected from a universe of S&P BSE 500 index and is the measure of performance of companies in the metal, metal products and mining sector. For inclusion in this index, the stock must have been traded for at least 90 percent of the trading days during the last three months. 

The stock’s index market cap is based on the three-month float-adjusted market cap as of the reference date. Float-adjusted market cap is a measure of a company’s current worth that is determined by the total market value of all of its free-floating shares. This method uses the publicly available stocks and excludes the shares restricted to the public.

 

The constituents of S&P BSE Metal index are selected from S&P BSE 500 stocks that are classified as members of the metal, metal products and mining sector and are among the top 90 percent cumulative average float-adjusted market cap, subject to a buffer of +/- 2 percent. Additions to the index are made in between the semi annual review updates to maintain the required minimum number of 10 stocks

 

Key Characteristics of S&P BSE Metal Index 

 

Developer

S&P Dow Jones Indices

Parent Index

S&P BSE 500

Base Date

February 1, 1999

Launch Date

August 23, 2004

Base Value 

1000

Calculation Currency

USR, INR

Calculation Frequency 

Real Time

Index Rebalancing

Bi-Annual

Reconstitution Effective From

Monday following the third Friday of June and December

 

Constituents List of S&P BSE Metal Index*

 

Company 

Symbol

Sector

APL Apollo Tubes Ltd 

533758

Metal Products

Coal India Ltd

533278

Mining

Hindalco Industries Ltd

500440

Metal

Jindal Steel & Power Ltd

532286

Metal

JSW Steel Ltd

500228

Metal

National Aluminium Co Ltd

532234

Mining

NMDC Ltd

526371

Mining

Steel Authority of India Ltd

500113

Mining

Tata Steel Ltd

500470

Metal

Vedanta Ltd

500295

Metal

*As on October 31, 2013

 

Other S&P BSE Indices

 

There are many S&P BSE indices which are classified into several categories like broad, thematic, investment strategy, and sectoral. The examples of broad category S&P BSE indices are S&P BSE SENSEX, S&P BSE 100, S&P BSE SENSEX 50, S&P BSE 200, S&P BSE 500, S&P BSE 150 MidCap, S&P BSE 250 Smallcap,S&P BSE 250 LargeMidcap, and S&P BSE 400 MidSmallCap. The thematic indices include S&P BSE PSU, S&P BSE CPSE, S&P BSE Bharat 22 Index and S&P BSE REITs and InvITs. 

 

The investment strategy indices are S&P BSE DOLLEX 30, S&P BSE DOLLEX 100, S&P BSE DOLLEX 200, S&P BSE IPO, S&P BSE SME IPO, and S&P BSE SENSEX Futures Index. Some of the sectoral indices include S&P BSE AUTO, S&P BSE BANKEX, S&P BSE CAPITAL GOODS, S&P BSE OIL & GAS, S&P BSE POWER, S&P BSE REALTY, AND S&P BSE TECK.

 

Conclusion

 

The use of analytical and statistical tools is crucial for your successful investment journey. If you are interested in exploring and investing in metal, metal product and mining sector stocks, then S&P BSE Metal index can be of great help for you.

 

You should make use of more such indices and tools to bring an element of professionalism to your investments. It is always better to stay informed and updated if you want to stay on and grow in the stocks business.

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Frequently Asked Questions

How does the S&P BSE Metal index impact individual investors in the metal, metal products, and mining sector?

Question Label
Answer Field

The S&P BSE Metal index impacts individual investors in the metal, metal products, and mining sector by providing a benchmark that captures the performance of the 10 largest and most liquid companies in this sector. It also helps investors to compare the performance of metal stocks with other sectors and indices, and to diversify their portfolio across different segments of the market. The index also reflects the trends, opportunities, and challenges of the metal industry in India and abroad, which can influence the demand and supply dynamics of the sector.

How do sectoral indices like S&P BSE Metal contribute to a more sustainable investment approach?

Question Label
Answer Field

Sectoral indices like S&P BSE Metal contribute to a more sustainable investment approach by offering investors the option to invest in index-linked products such as exchange-traded derivatives, index funds, and ETFs that track the sectoral index. These products offer investors the benefits of diversification, liquidity, transparency, and low-cost exposure to the sector. They also enable investors to align their investment objectives with their environmental, social, and governance (ESG) preferences, as some sectoral indices incorporate ESG criteria in their selection and weighting methodology.

What is the S&P BSE factor index methodology?

Question Label
Answer Field

The S&P BSE factor index methodology is a framework that aims to measure the performance of different factors or investment styles in the Indian market, such as quality, value, momentum, low volatility, and size. The methodology uses a multi-step process to select and weight the constituents of each factor index, based on objective and transparent criteria such as free float market capitalization, liquidity, impact cost, trading frequency, and factor scores. The methodology also follows a semi-annual rebalancing and reconstitution schedule to ensure that the index reflects the current market conditions and composition.

Why is BSE called S&P BSE?

Question Label
Answer Field

BSE is called S&P BSE because it is a joint venture between BSE Ltd. and S&P Dow Jones Indices, a leading global provider of financial market indices. The joint venture was established in 2023, with the aim of providing a comprehensive suite of indices for the Indian market, covering various segments, sectors, and themes. The joint venture also leverages the expertise and experience of both partners in index design, calculation, maintenance, and dissemination.

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