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Our Bureau

Mumbai , April 11

WITH interest in mid-cap and small cap stocks gaining momentum, the BSE today announced the launch of two new indices — BSE mid-cap and BSE small-cap index.

These indices will track the performance of companies with relatively small market capitalisation and will exclusively represent the mid and small cap companies listed on the BSE. These indices would be calculated and disseminated on a real time basis from today, the BSE statement said.

These indices will be based on free-float methodology with historical figures available since April 1, 2003.

BSE mid-cap index will include 231 companies with highest average market cap of Rs 2,476 crore and lowest of Rs 418 crore. The BSE small cap index will have 425 companies representing 5 per cent of BSE's eligible universe with highest average market cap of Rs 417 crore and lowest of Rs 53 crore.

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