SX - 40

SX-40. This is the new benchmark Indian equity index from the third nationwide equity exchange MCX-SX that will compete with Sensex of Bombay Stock Exchange and Nifty of National Stock Exchange to become the gauge of the Indian stocks on a daily basis.
MCX-SX said its benchmark index will be based on free-float market capitalisation methodology comprising 40 stocks.
The exchange, however, did not disclose the details of the index constituents, and their eligibility criteria.
The market capitalisation of the index would roughly cover 90-92 per cent of Nifty’s market capitalisation.

The exchange is likely to begin trading around Diwali .

At present, NSE has over 1,400 members while BSE has a total of 1,082 members.