BSE Index Services has launched the BSE Total Market Index on 23 July 2026, a broad-based benchmark designed to track the performance of companies representing around 98% of the total market capitalisation of the BSE AllCap Index, with a minimum of 1,000 constituent stocks. The index will expand as the listed equity market grows, providing comprehensive coverage of the Indian stock market. It is intended to serve as a benchmark for passive investment products such as ETFs and index funds, as well as for portfolio management services (PMS), mutual fund schemes, and other investment strategies.

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