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BSE completes acquisition of S&P Dow Jones Indices entire stake in Asia Index
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Nifty, Sensex Headed for a Volatile Week
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BSE completes acquisition of S&P Dow Jones Indices entire stake in Asia Index
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Domestic bourse BSE has approved the acquisition of a 50 per cent stake in index provider Asia Index (AIPL) from equal joint venture partner S&P Dow Jones (SPDJ) Indices for Rs 30 crore.
AIPL, the index provider, is responsible for compiling and maintaining the widely followed Sensex, Bankex, and other indices.
Passive funds with assets of nearly Rs 2 trillion are benchmarked with indices provided by AIPL.
Get latest articles and stories on Latest News at LatestLY. Shares of Adani Ports and Special Economic Zone (APSEZ) on Monday climbed nearly 3 per cent to hit the 52-week high level as the company will replace IT major Wipro in the 30-share BSE Sensex from June 24. Latest News | Adani Ports Shares Climb Nearly 3 Pc; Hit 52-week High as Company to Enter Sensex from June 24.