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These indices are designed to capture the performance of a diverse range of companies, from large cap to micro-cap, providing a comprehensive coverage of India’s dynamic equity market.
Asia Index launches 5 new indices.
Asia Index Private Ltd., a subsidiary of BSE, has launched five new indices to tap into the growth potential of India’s next generation of emerging companies. These indices are designed to capture the performance of a diverse range 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 Pvt. Ltd., highlighted the significance of these indices, stating, “BSE 1000 represents over 93% of India’s overall market capitalization and therefore will serve as a relevant benchmark for the overall stock market. The index is designed to serve as a comprehensive barometer of India’s growing economy, reflecting the diversity and dynamism of our corporate sector, representing companies that are industry leaders and
emerging businesses.”
Five New Indices And Their Details:
1. BSE 1000 – The index measures the performance of 1000 of the largest and most liquid Indian companies within BSE AllCap. It will be reconstituted on a semi-annually basis in June and December. The top three sectoral weightages are: Financial Services (27.89%), Consumer Discretionary (15.93%) and IT (10.17%).
2. BSE Next 500 – The index measures the performance of the 500 companies within BSE 1000 that are not a part of BSE 500. The top three sector weightages are: Consumer Discretionary (26.34%), Industrials (22.18%) and Commodities (10.97%).
3. BSE 250 MicroCap – The index measures the performance of 250 of the largest and most liquid companies within BSE Next 500. The top three sector weightages are: Consumer Discretionary (28.12%), Industrials (21.68%) and Commodities (13.12%).
4. BSE Next 250 MICROCAP – The index measures the performance of the 250 companies within BSE Next 500 that are not a part of BSE 250 MicroCap. The top three sector weightages are: Consumer Discretionary (25.63%), Industrials (22.38%) and Commodities (11.64%).
5. BSE 1000 MULTICAP EQUAL SIZE WEIGHTED (25%) – This index comprises the constituents comprising of BSE 100 LargeCap TMC, BSE 150 MidCap, BSE 250 SmallCap and BSE Next 500. Each of the above size segments is equally weighted at 25% and the constituents within the size segments are weighted based on free float
market cap.
