BSE Index Services launches 14 new sectoral indices
In short
BSE Index Services launched 14 new sectoral indices and now offers 20 in total. The company is a wholly owned subsidiary of BSE Ltd.
This gives investors and market participants more ways to track different parts of the Indian stock market.
What the reporting says
BSE Index Services, a wholly owned subsidiary of BSE Ltd, launched 14 new sectoral indices, taking its total sectoral index offering to 20. CNBC TV18 Market said the wider basket is meant to provide broader representation of key sectors in the Indian equity market. The update adds more index choices for investors and market participants tracking sector performance.
Why it matters
BSE Index Services, the wholly owned BSE Ltd subsidiary, added 14 sectoral indices and expanded its total to 20. The move is aimed at wider representation of key sectors in the Indian equity market. It matters to investors, index users and fund products that follow sector benchmarks, because it expands the range of market gauges available.