The Exchange had earlier pioneered the concept of free-float in India by launching the country's first free-float based index BSE TECk Index, in June 2001 . The Exchange has also launched in June 2003 a new index called Bankex to track the movement of stocks in bank industry, which have witnessed considerable market interest in terms of trading and investment. This index is also free float based.
SENSEX will become the first broad-market index in the country to be based on the globally accepted free-float methodology. This shift would further facilitate the foreign investors to benchmark their investments. It is the country's oldest and most widely followed equity benchmark with Futures, Options and Exchange Traded Fund (SPIcE) also available on it.
