Mumbai: BSE Index Services Pvt. Ltd. (formerly Asia Index Pvt. Ltd.), a wholly owned subsidiary of BSE Ltd., has launched 14 new sector indices based on the BSE 500 universe and renamed six existing sector indices as part of a revised sector index framework.
The announcement was made in Mumbai on November 13, 2026. The Index Oversight Committee of BSE Index Services has also approved changes to the names and methodology of the six existing indices to align them with the new framework.
With these additions and revisions, BSE Index Services now offers a comprehensive range of 20 sector indices based on the BSE 500 universe. The expanded portfolio is designed to provide broader representation of different sectors across the Indian equity market.
Six Existing BSE Sector Indices Renamed
As part of the revised framework, six existing sector indices have been renamed and aligned with the updated methodology.
The changes are as follows:
- BSE Auto has been renamed BSE 500 Auto.
- BSE Capital Goods has been renamed BSE 500 Capital Goods.
- BSE Consumer Durables has been renamed BSE 500 Consumer Durables.
- BSE Metal has been renamed BSE 500 Metals.
- BSE Oil & Gas has been renamed BSE 500 Oil & Gas.
- BSE Realty has been renamed BSE 500 Realty.
BSE Introduces 14 New Sector Indices
The 14 newly launched indices track the performance of companies in the BSE 500 Index that are classified under their respective sectors.
The new indices include:
- BSE 500 Chemicals: Tracks companies in the BSE 500 classified under the Chemicals sector.
- BSE 500 Construction: Measures the performance of companies classified under the Construction sector.
- BSE 500 Construction Materials: Tracks companies belonging to the Construction Materials sector.
- BSE 500 Consumer Services: Measures the performance of companies classified under Consumer Services.
- BSE 500 Diversified: Tracks companies classified under the Diversified sector.
- BSE 500 FMCG: Measures the performance of companies in the Fast-Moving Consumer Goods sector.
- BSE 500 Financial Services: Tracks companies classified under the Financial Services sector.
- BSE 500 Healthcare: Measures the performance of companies in the Healthcare sector.
- BSE 500 IT: Tracks companies belonging to the Information Technology sector.
- BSE 500 Media Entertainment and Publication: Measures the performance of companies classified under this sector.
- BSE 500 Power: Tracks companies in the Power sector.
- BSE 500 Services: Measures the performance of companies classified under the Services sector.
- BSE 500 Telecommunication: Tracks companies in the Telecommunication sector.
- BSE 500 Textiles: Meas
Each index is designed to measure the performance of companies within its respective sector that form part of the BSE 500 universe.
Sector Indices to Support ETFs, Index Funds and Investment Strategies
Commenting on the launch, Ashutosh Singh, MD and CEO of BSE Index Services Pvt. Ltd., said the expanded portfolio of 20 sectoral indices would strengthen the company’s index offerings and provide broad coverage of key sectors of the Indian economy.
He noted that as India’s capital markets continue to expand, sector-specific benchmarks are becoming increasingly important for performance measurement, portfolio construction and the development of passive investment products.
According to Singh, the new indices are expected to support Exchange Traded Funds (ETFs), index funds, Portfolio Management Services (PMS) strategies and other investment products seeking focused exposure to India’s growth sectors.
New Indices to Expand Benchmarking and Passive Investment Options
The newly launched and revised indices can be used to benchmark active investment strategies. They can also serve as the underlying benchmarks for passive investment products, including ETFs and index funds.
The expanded range is expected to provide investors and market participants with additional sector-specific benchmarks and increase the suite of investable indices offered by BSE Index Services.
About BSE INDEX SERVICES PRIVATE LIMITED
BSE Index Services Pvt. Ltd. (formerly Asia Index Pvt. Ltd.) is a wholly owned subsidiary of BSE Ltd, Asia’s oldest stock exchange and home to the iconic SENSEX index – a leading indicator of Indian equity market performance. BSE Index Services Pvt. Ltd aims to provide a full array of indices to global / domestic investors and calculates, publishes, and maintains a diverse family of indices.
