Asia Index Pvt Ltd launches BSE India Infrastructure Index

Written by fe Bureau | Mumbai | Updated: May 30 2014, 00:14am hrs
BSE indexAsia Index Pvt Ltd launched the S&P BSE India Infrastructure Index. Reuters
Asia Index Pvt Ltd on Thursday launched the S&P BSE India Infrastructure Index. The index opened at 171.59 points and was trading 0.85% lower at 169.42 points at 2.30 pm IST.

The index is designed to measure performance of 30 companies from five distinct infrastructure sectors -- energy, transportation, non-banking financial institutions (NBFIs).

The stocks listed in the index include IDFC, Bharti Airtel, Power Finance Corp, Rural Electrification Corp, Adani Ports and Special Economic Zone, Bharti Infratel, Idea Cellular and Reliance Communications.

"Indias imminent announcement on its blueprint for infrastructure development, potentially means that interest in infrastructure could remain strong among Indian investors for the next several years," said Alka Banerjee, CEO of Asia Index Private Limited, in a statement.