PRESS RELEASE
Asia Index Private Limited launches S&P BSE SENSEX 50 Index
Index designed to measure the performance of the 50 largest listed companies at the BSE
Mumbai, December 06, 2016 – Asia Index Private Limited, a joint venture between S&P Dow Jones Indices and BSE Ltd (earlier Bombay Stock Exchange), today announced the launch of the S&P BSE SENSEX 50 Index. The Index is designed to measure the performance of the 50 largest and liquid companies listed at BSE Ltd.
“The Indian markets have broadened and deepened with time. With the launch of the S&P BSE SENSEX 50 Index, a transparent and rule-based index, we aim to provide a more effective tool for institutional and retail investors’ growing needs.” said Alka Banerjee, CEO, Asia Index Private Limited.
The index covers approximately 54% of total market capitalization of the BSE Listed companies as of October 30, 2016. Index constituents are selected from S&P BSE LargeMidCap Index and are weighted based on their float-adjusted market capitalization. The Index is calculated in INR and USD for both Price Returns as well as Total Returns versions.
“We are excited with the launch of S&P BSE SENSEX 50 index. The index is diversified as it represents each key economic sector identified by BSE’s sector model. We look forward to have derivative based contracts on this index, at BSE’s international stocks exchange in the Gujarat International Finance Tec-City (GIFT) in Gandhinagar”, said Ashishkumar Chauhan, MD & CEO, BSE Ltd.
S&P BSE SENSEX 50 Index is rebalanced semi-annually, effective at the open of the Monday following the third Friday of June and December. The rebalancing reference date is the last business day of April and October, respectively. The first value date of this Index goes back to December 15, 2005.
For more information, please visit: www.asiaindex.co.in
ASIA INDEX PRIVATE LIMITED
Asia Index Pvt. Ltd is a 50-50 partnership between S&P Dow Jones Indices LLC, the world’s largest provider of financial market indices, and BSE Ltd, Asia’s oldest stock exchange and home to the iconic SENSEX index - a leading indicator of Indian equity market performance. Asia Index Pvt. Ltd, which combines the benchmarks, market intelligence, and insights of both parent companies, each established more than 115 years ago, aims to provide a full array of indices enabling global and domestic investors to participate in South Asia’s vibrant economies. The Company is best known for calculating, publishing, and maintaining a diverse family of Asian indices under the umbrella brand, S&P BSE Indices.
About BSE
BSE (Formerly Bombay Stock Exchange), established in 1875, BSE is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange groups and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder base which includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing. BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs). BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments. Indian Clearing Corporation Limited, the wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on BSE platform and provides full novation, guaranteeing the settlement of all bonafide trades executed on the BSE Platform. BSE Institute Ltd, a fully owned subsidiary of BSE, runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), a subsidiary of BSE, is one of the two Depositories in India.
About S&P Dow Jones Indices
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
For more information:
BSE Ltd.
Marketing Communications
Yatin Padia – +91 22 2271 8516
corp.comm@bseindia.com
Asia Index Pvt. Ltd.
Marketing & Communications
Bhavna Sadarangani - +91 22 2272 5292
AsiaIndex_Marketing@spglobal.com