BSE INDEX BSE HC (BSE HC) live share price today at BSE

The BSE Healthcare represented companies related to the healthcare sector. The companies which are included in the BSE Healthcare Index shall form a part of the BSE All Cap, and it serves as a benchmark to investors for tracking the details and performance of the healthcare sector. The BSE Healthcare index is diversified into various stocks that analyse the behaviour of the health sector. The sub-sectors that are essential to include in the BSE Healthcare Index are Healthcare Services and Pharmaceuticals & Biotechnology.

The BSE Healthcare Index came into effect on 25th February 2022, with a base date of 18th September 2020 and a base value of 1240.46. The base value of the BSE Healthcare was the successor index of the BSE Healthcare legacy index, which was introduced in 1999. The history of pricing related to the earlier legacy index was before 15th April. The healthcare share price has surpassed the 22,000 level at a P/E multiple of 35.39x. 

The calculation shall be based on the free-float market capitalisation method, and the criteria for capping the stocks shall be 33% and shall be based on a real-time basis. The calculation of the BSE Healthcare Index shall be in two currencies, i.e. INR and USD. The exchange rate may vary with the changes in the prices of the stock market, and the BSE Healthcare Index shall be governed under the Asia Index Private Ltd.

• The full market capitalisation of the BSE Healthcare Index is ₹2,879,667, and the free-float market capitalisation of the Index is ₹1,350,499.
• The P/E ratio of the BSE Healthcare Index is 40.34, the P/B ratio of the Index is 6.67, and the dividend yield is 0.53.
• The calculation shall be based on the free-float market capitalisation method, and the criteria for capping the stocks shall be 33% and shall be based on a real-time basis. 
• The calculation of the BSE Healthcare Index shall be in two currencies, i.e. INR and USD.
• The exchange rate may vary with the changes in the prices of the stock market, and the BSE Healthcare Index shall be governed under the Asia Index Private Ltd.

• The stocks shall be listed on the Stock Exchange, and the company must be incorporated in India.
• The constituents must form a part of the BSE AllCap Index.
• The companies must belong to the Healthcare Sector through the classification criteria of the BSE Sector.
• Inclusion of all the eligible shares of the company.
• The impact cost of the BSE Healthcare sector shall not be more than 0.5% in the past six months.
• The continuous trading frequency of the stock shall not be less than 80%, and the stock must have been listed for more than six months on the platform.
• The turnover ratio of the company is at least 5%.
• Companies with newly listed IPOs must have a history of listing of at least one month to be eligible for inclusion. 
• Companies that follow the scheme of arrangement, spin-offs, capital restructuring, etc., must follow the listing history of at least one month.
• Exclusion of companies that have to rebalance their dates due to mergers, delisting, takeovers, suspensions, surveillance, and bankruptcies.
• Exclusion of an Index stock, with the average daily total market capitalisation falling below INR 0.5 billion by trading day in January. 

By using the method of free-float market capitalisation, the BSE Healthcare Index value shall be determined. The free-float market value of all the companies is reflected by the level of the index at any one time and then compared to the base period. The steps in calculating the market capitalisation are as follows: firstly, dividing the share price by the total number of shares of the company, and then multiplying it by the free-float market capitalisation and the free-float factor.    

The review criteria for the BSE Healthcare Index are conducted on a semi-annual basis. The Index evaluates the economic conditions of the country among various sectors, and also contributes to the development of the country and provides support to the developing sectors.

The market capitalisation shall be determined by multiplying the number of outstanding shares by the share price and then multiplying the market capitalisation by the proportion of available free float to the number of outstanding shares.

The formula for the BSE Healthcare Index is: Total Free-Float Market Capitalisation * Base Index Value / Base Market Capitalisation.

• The BSE Healthcare Index helps investors track the leading pharmaceutical and healthcare companies, which allows them to focus on the rapid growth of the healthcare and pharma sector. 
• The BSE Healthcare Index offers investors diversification scope and reduces the risk of relying on a single stock for exposure across various sectors.
• The nature of healthcare is considered to be defensive because it performs well in economic downturns and in uncertain market conditions. 
• The government policies, like “Ayushman Bharat”, increase the strength of the index in long-term performance.

• The index represents the healthcare sector and reduces sector diversification, which hurts the healthcare space.
• Pharma companies sometimes have to follow strict rules and regulations, which can lead to delays, bans, or pricing controls that impact the profitability of the entire industry.
• Continuous research, trials of clinical and regulatory compliance needs require high investments, and high costs are required in the R&D projects. 

Investors can check availability on AMC websites, NSE/BSE sites, or apps, which provide a reliable broking facility, enabling them to select the most profitable and highly growing stocks for their long-term investments. A demat account is necessary if investors want to buy ETFs or constituent stocks, but it is not required if they want to invest through mutual funds and SIPs. If the availability of a direct BSE Healthcare Index fund is not available, investors can consider mutual funds or ETFs. They also provide direct exposure to investors in the BSE Healthcare Index.  

Investors can replicate the index by purchasing the major stocks that are included in the BSE Healthcare Index. The chance of direct control and the advantage of capital and portfolio management are also necessary.

The BSE Healthcare represented companies related to the healthcare sector. The companies which are included in the BSE Healthcare Index shall form a part of the BSE All Cap, and it serves as a benchmark to investors for tracking the details and performance of the healthcare sector. The sub-sectors that are essential to include in the BSE Healthcare Index are Healthcare Services and Pharmaceuticals & Biotechnology. The calculation shall be based on the free-float market capitalisation method, and the criteria for capping the stocks shall be 33% and shall be based on a real-time basis.

The review criteria for the BSE Healthcare Index are conducted on a semi-annual basis. The Index evaluates the economic conditions of the country among various sectors, and also contributes to the development of the country and provides support to the developing sectors. The continuous trading frequency of the stock shall not be less than 80%, and the stock must have been listed for more than six months on the platform.