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These indices are designed to capture a diverse range performance of companies from large cap to micro-cap, providing a comprehensive coverage of India’s dynamic equity market.
The Asia Index launched 5 new indices.
BSE subsidiary Asia Index Private Limited has launched five new indices to tap in the growth capacity of India’s next generation emerging companies. These indices are designed to capture a diverse range performance of companies from large cap to micro-cap, providing a comprehensive coverage of India’s dynamic equity market.
Mr. Ashutosh Singh, MD and CEO of Asia Index Private. Ltd., highlighted the importance of these indices, “BSE 1000 represents more than 93% of the overall market capitalization of India and hence will serve as a relevant benchmark for the overall stock market. India’s growing economy to the index Designed to serve as a comprehensive barometer, which represents the diversity and dynamics of our corporate sector, represents companies that are leaders of industry and
Emerging business. ,
Five new indices and their details:
1. BSE 1000 – Index measures 1000 performance of the largest and most fluid Indian companies within the index BSE Allcap. It will be reorganized on a semi-annual basis in June and December. The top three sectoral weightage are: financial services (27.89%), consumer discretionary (15.93%) and IT (10.17%).
2. BSE Next 500 – The index measures the performance of 500 companies within the BSE 1000 which is not part of the BSE 500. The top three sector weightage are: consumers discretionary (26.34%), industrial (22.18%) and commodities (10.97%).
3. BSE 250 MicroP – The index BSE measures a performance of 250 out of the largest and most liquid companies within the BSE Next 500. The top three sector weightage are: consumer discretionary (28.12%), industrial (21.68%) and items (13.12%).
4. BSE Next 250 MicroP – The index BSE measures the performance of 250 companies within the BSE Next 500 which is not part of the BSE 250 microcaps. The top three sector weightage are: consumer discretionary (25.63%), industrial (22.38%) and commodities (11.64%).
5. BSE 1000 multicap similar size weighted (25%) – The index includes BSE 100 largacap TMC, BSE 150 Midcap, BSE 250 Smallcap and the next 500 of BSE.
market cap.
