BSE Index Services has launched 14 new sectoral indices based on the BSE 500 universe, expanding its sector-specific benchmark offering to 20 indices as it looks to deepen its presence in the passive investment and benchmarking ecosystem. The announcement was made in Mumbai on November 13, 2026, as part of the company's revised sectoral index framework. The expansion provides wider representation of key sectors of the Indian equity market and enhances the company's offering to provide broad coverage across key sectors of the Indian economy.
The 14 new indices cover Chemicals, Construction, Construction Materials, Consumer Services, Diversified, FMCG, Financial Services, Healthcare, Information Technology, Media Entertainment and Publication, Power, Services, Telecommunication and Textiles. As reported by CNBC TV18, all 14 indices will track the performance of companies within the BSE 500 that are classified under their respective sectors. The six existing indices — BSE Auto, BSE Capital Goods, BSE Consumer Durables, BSE Metal, BSE Oil & Gas and BSE Realty — have been renamed with the 'BSE 500' prefix, transforming them into BSE 500 Auto, BSE 500 Capital Goods, BSE 500 Consumer Durables, BSE 500 Metals, BSE 500 Oil & Gas and BSE 500 Realty, respectively. Each index is designed to measure the performance of companies within its respective sector that form part of the BSE 500 universe.
According to Ashutosh Singh, managing director and chief executive officer of BSE Index Services, as reported by CNBC TV18, the launch enhances the company's offering and provides broad coverage across key sectors of the Indian economy. Singh noted that "With this launch, BSE Index Services is pleased to offer a whole suite of 20 sectoral indices based on the BSE 500 universe." He emphasized that sector-specific indices are becoming increasingly important for performance measurement, portfolio construction and the development of passive investment products as India's capital markets expand. 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.
The indices are intended to support ETFs, index funds, portfolio management services (PMS) strategies and other investment products seeking focused exposure to India's growth sectors. As reported by CNBC TV18, such indices can serve as reference benchmarks for actively managed investment strategies as well as the underlying indices for passive products. The newly launched and revised indices can be used to benchmark active investment strategies and serve as the underlying benchmarks for passive investment products, including ETFs and index funds. BSE Index Services, formerly known as Asia Index Pvt Ltd, is a wholly owned subsidiary of BSE Ltd responsible for calculating, publishing and maintaining a range of domestic and global market indices. 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.
