Asia Index Private Limited, a joint venture between S&P Dow Jones Indices and BSE Ltd, has launched the S&P BSE SENSEX Next 50 Index, the company said in a press release. The index is designed to measure the performance of the 50 largest and most liquid companies within the S&P BSE LargeMidCap Index and not under the ambit of the S&P BSE SENSEX 50 Index.
The index includes the 50 largest companies after the constituents of S&P BSE Sensex 50 index. Constituents of index are weighted by float adjusted market capitalisation. The index goes under periodic review semi-annually in June and December.
The index is calculated in INR and USD for both Price Returns as well as Total Returns versions. The first value date of this Index goes back to December 16, 2005.