The BSE BANKEX index has been updated to include four more banks, bringing the total to 14 stocks and changing how the index is weighted.
New Banks Added
- Canara Bank
- AU Small Finance Bank
- Punjab National Bank (PNB)
- Union Bank of India
Revised Weighting Structure
The index now limits the combined weight of its top three stocks to 45%, aiming for a more balanced representation of the banking sector.
Why It Matters for Investors
With the addition of these banks and the new cap, the BANKEX index becomes a broader gauge of the market, which can affect bank‑related stocks and derivative contracts that track the index.
BSE is also expanding its monthly derivatives offerings, hoping to boost trading volume and attract more participants.
Disclaimer
Remember, this is perspective, not a prediction. Do your own research before making any investment decisions.