'TECk' stands for the following:
'T' - Technology (BSE Sector: Information Technology)
'E' - Entertainment (BSE Sector: Media & Publishing)
'C' - Communication (BSE Sector: Telecom)
'k' - Other Knowledge based companies not falling in any of the above 3 sectors.
The Base Date for BSE TECk Index is April 2, 2001. The Base Value for BSE TECk Index is 1000 points. The BSE TECk Index is calculated on the basis of fee-float market capitalization method.
Scrip Selection Criteria for BSE TECk Index
Eligibility: Scrips that are classified under information technology, media and telecom sectors in BSE 500 index constitute BSE TECk Index.
Trading Frequency: Scrips should at least have a trading frequency of 90% in preceding three months.
Market Capitalization: Scrips froming the BSE Teck Index should at least have 90% market capitalization coverage in each sector based on free-float final rank.