BSE News Update: Asia Index Pvt Ltd has decided to make a major reshuffle in the stocks included in the smallcap and midcap indices of BSE. Asia Index has decided to include 54 stocks in BSE's Smallcap Index. So Jio Financial Services will be part of the large cap index of BSE. This change is going to come into effect from March 18, 2024.
Asia Private Index is based on BSE and S&P Dow Jones (S&P Dow Jones Indices) has been prepared in partnership. Tata Technologies, JSW Infrastructure, Indian Renewable Energy Development Agency have been included in the BSE Midcap Index. Jio Financial Services of Reliance Group is the only company which is going to be included in BSE Large Cap Index. Jio Financial has also been included in the Allcap index of BSE. No stocks have been excluded from the BSE Large Cap and Midcap indices.
59 stocks have been included in BSE's Allcap index. Whereas 54 shares have been included in the small cap of BSE. Cello World, Honasa Consumer, Concord Biotech, TVS Holding, Bajaj Electricals, Happy Forging, Doms Industries and Inox India will also be included in BSE Smallcap. Apart from this, Utkarsh Small Finance Bank, Fedbank Financial Services, Senco Gold, Nuvama Wealth Management, Sai Silk (Kalamandir), Ideaforge Technologies, Innova Captab, Gandhar Oil Refinery, Yatra Online and Credo Brands have also been included in BLE's Smallcap Index. .
Most of the companies included in the BSE Midcap and Smallcap index are those which had recently launched IPOs and have given strong returns to investors after listing on the stock exchange. Asia Index has excluded eight stocks from BSE SME IPO index.
Also read
India GDP Data: Why are questions being raised on the figure of 8.4% GDP in the third quarter?
Get more latest business news updates