Wed, 29 Mar 2023

Index Providers

In News: SEBI getting set to regulate index providers.

  • Index providers are those institutions that formulate and manage indices.
  • Their function is to classify and define markets or a proportion of a market and provide a benchmark of performance for that market.
  • An index allows investors and other stakeholders to get a snapshot of the market.
  • In India, it is carried out by subsidiaries of stock exchanges, as a joint venture between the exchange and an index provider.
  • Nifty50 by NSE Indices, and Sensex by a venture of S&P Dow Jones and BSE

https://www.thehindu.com/business/sebi-getting-set-to-regulate-index-providers/article66668890.ece

 

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