Whats Dollex 30?

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Whats Dollex 30?..

Answer / rupal

DOLLEX-30 is the dollar version of BSE Sensex, the
benchmark index of equity markets in India. Similar to
Sensex, the base year for the DOLLEX-30 is fixed as 1978-79
and base value at 100 points. BSE has computed historical
index values of DOLLEX-30 since 1979. The scope for DOLLEX-
30 emerged from the background of Indian equity markets
increasingly getting integrated with global capital markets
and the need to assess the market movements in terms of
international benchmarks. While Sensex reflects growth in
market value of constituent stocks over the base period in
rupee terms, the DOLLEX-30 would reflect the changes in
both the stock prices as well as currency values. DOLLEX-30
could be found useful by foreign investors to enable them
to measure the equity returns in real terms both in respect
of domestic and international currencies. DOLLEX-30 is the
second dollar denominated index designed by the BSE. In
1994 BSE had launched DOLLEX-200, a dollar version of BSE-
200 Index.