Thursday, April 10, 2008

ERRATA - STIXi - Stox Indicus Index - the basics

When I switched from manual calculation of Index to Bhavcopy based calculation, noticed wrong Close prices had been used for two scrips in the STIXi while deriving the base index.


While fixing the same, to retain the original base index value, I had to change the weight of two other scrips very very marginally. These changes have resulted in the sectoral weights changing in case of 3 sectors slightly as follows:
  • Auto sector : Old weight 5.9784% to New Weight 5.9899%
  • Banks Sector : Old weight 5.0022% to New Weight 4.9813%
  • Metals Sector: Old weight 5.9952% to New Weight 6.0046%

As a consequence, the Weightage by Capitalisation also has undergone minor change as follows:

  • Large Caps from 44.3484% to 44.3578%
  • Mid Caps from 37.5369% to 37.5257%
  • Small Caps from 18.1147% to 18.1164%

No change has been made scrips constituting the index.

Iiconvenience regretted.

Cheers

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