BSE, the oldest stock exchange in Asia, and S&P Dow Jones Indices, a global leader in index construction and management, has joined hands to calculate, disseminate, and license sensex and other indices managed by the bourse. The association will result in BSE sensex being renamed S&P BSE sensex with immediate effect, Ashihskumar Chauhan, MD & CEO, BSE, said. The association between S&P and BSE came within days of NSE, the largest exchange in India, and the US-based major ended its licensing agreement for using ‘S&P’ brand for the nifty index.
Sensex, the acronym for Bombay Stock Exchange Sensitivity Index, is the most watched index in the Indian market which was launched in 1986. Initially the 30-stock index was a market-cap weighted benchmark to measure the performance of its components that represented large, well-established, and financially sound companies across key sectors in India, a BSE release said. Currently, it’s a market cap-based free float index.
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