India Infrastructure Index launched by Asia Index
Anticipating investment boom in infrastructure sector as the government re-starts stalled projects, Asia Index, a joint venture of BSE and S&P Dow Jones Indices, launched India Infrastructure Index that comprises the top 30 companies based on market capitalisation from five sectors—Energy, Transportation, Non-Banking Financial Institutions, Telecommunications and Utilities. The 30 companies will be picked from the BSE 500 index.
As per Asia Index, the 30-stock index is designed to serve as both a benchmark and an investable index. This is the third index launched by Asia Index after the Shariah Index and the S&P BSE India 10-year Sovereign Bond Index.
Month: Current Affairs - May, 2014