Latest Derivative Stocks Index News & Updates

BSE Launches New Total Market Index to Track Indian Equity Market

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Mumbai, July 23 (IANS) BSE Index Services Pvt. Ltd. — a wholly-owned subsidiary of BSE — on Thursday launched the BSE Total Market Index (TMI), a new benchmark designed to track the performance of companies representing 98 per cent of the BSE AllCap Index by total market capitalisation.According to the exchange, the index will maintain coverage of at least 98 per cent of the BSE AllCap universe, subject to a minimum of 1,000 constituent stocks, making it one of the broadest benchmarks for the …