The indices -- BSE 1000, BSE Next 500, BSE 250 Microcap, BSE Next 250 Microcap and BSE 1000 Multicap Equal Size Weighted (25 per cent) -- 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 said in a statement.
Ashutosh Singh, MD and CEO of Asia Index, highlighted the significance of these indices, stating, "BSE 1000 represents over 93 per cent of India's overall market capitalisation and therefore will serve as a relevant benchmark for the overall stock market".
Asia Index, a subsidiary of BSE, on Monday unveiled five new indices as part of its broad market family, offering market participants an opportunity to tap into the growth potential of the country's next generation of emerging companies.
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