×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

S&P launches new equity index in India for FIIs

S&P launches new equity index in India for FIIs
Comment E-mail Print Share
First Published: Mon, Aug 25 2008. 01 43 PM IST
Updated: Mon, Aug 25 2008. 01 43 PM IST
Reuters
Mumbai: Ratings firm Standard & Poor’s (S&P) has launched the S&P India Select Index aimed at providing foreign funds tradable exposure to Indian equity markets.
“Stocks that have reached the maximum investment limit for foreign institutional investors (FII) have been excluded from the index to reflect lack of access to those scrips for such investors,” it said in a statement.
“The key eligibility criteria for the index included a minimum market capitalisation of $500 million and a six-month average daily trading volume of $2 million,” the statement said.
The index would be revised every April and October.
Comment E-mail Print Share
First Published: Mon, Aug 25 2008. 01 43 PM IST
More Topics: S&P | Index | Equity | FII | Market Capitalization |