Hyderabad, Aug. 13 -- BSE Index Services Pvt. Ltd., a wholly owned subsidiary of BSE, today announced the launch of a new index - 'BSE India Defence'.
The BSE India Defence index aims to track the performance of those stocks representing the Defence theme, a release said.
Stocks forming the part of specific basic industries and/or their association with Defence will be included in the index.
The BSE India Defence Index is derived from the constituents of BSE 1000 Index, weighing method is Capped Free Float - Adj. Market Cap with the base value as 1000.
The first value date is June 19, 2017, and it is reconstituted Semi-annually in June and December.
Speaking at the launch, Mr. Ashutosh Singh, MD & CEO said, "The defence sector in Indi...