Bombay Stock Exchange (BSE) introduced new index called BSE Small-Cap index to track the performance of companies with relatively small-size market capitalization.
BSE-500 Index - represents more than 93% of market cap of the listed companies in Bombay Stock Exchange (BSE). Companies with large market capitalization bias the movement of BSE-500 index. This created a need to create a separate indicator to capture the trend in companies with small-size market capitalization. Over the years, BSE Small-Cap have proven to be a great use to the investing community.