Fefty Movement

Updated: Aug 30 2003, 05:30am hrs
The FE Fifty (FEfty) index is a broadbased market barometer, drawn from 50 of the most important stocks in the market. The highest weightage has been accorded to information technology at 23 per cent, followed by PSUs, at 17 per cent. This apart pharma and diversified companies are also well represented on this index, which has January 1, 2002 as its base date, and a base level of 1000. The FEfty stocks are selected on the basis of a minimum market capitalisation of Rs 600 crore, and its composition will be reviewed every quarter.
On Friday’s trading, the FEfty closed the day at 1575.71, up 14.61 points from the previous close of 1561.10.