Category Archives: India

30 Year old S&P BSE SENSEX conquers the 30,000 mark

The much awaited 30,000 mark was conquered by the S&P BSE SENSEX on Apr. 26, 2017 where the index level closed at 30,133.35, while the total return index level closed at 42,503.33. It took 557 trading sessions to go from the 29,000 level to cross the 30,000 level.  The S&P BSE SENSEX was launched on Read more […]

In Which Market Cycles Do Active Funds Add the Most Alpha?

Those who invest in active funds may expect portfolio managers to deliver excess returns over their benchmark indices for the fee they paid.  However, results from the SPIVA® (S&P Indices Versus Active) India Scorecard suggest this may not always be the case.  The scorecard, which is a biannual report, attempts to capture the performance of Read more […]

Diversification and Risk Management

Recently, I attended a session by an expert on good health.  I was pleasantly surprised to learn that besides diet and exercise, emotional and spiritual health is essential to a holistic lifestyle. When there are many elements to achieving a certain goal, it is of primary importance that each of those elements is included and Read more […]

SPIVA® India Year-End 2016 Scorecard: Underperformance of Active Funds Versus S&P BSE Benchmark Indices

Various events during the second half of 2016, both global—such as the U.S. Federal Reserve rate hike and the U.S. elections—and domestic—such as passage of the GST bill in Parliament and demonetization—kept Indian markets volatile.  Over the one-year period ending December 2016, Indian equity markets underperformed Indian bond markets.  The S&P BSE 100, which seeks Read more […]

Tracking the Effect of Demonetization on Capital Markets in India

November 9, 2016, was the day when the world witnessed two big unexpected events—one was Mr. Donald Trump winning the U.S. presidential election, and the second was the Indian Prime Minister Mr. Narendra Modi announcing that 500 and 1,000 rupee notes would no longer be considered legal tenders.  Both of these events were expected to Read more […]

S&P BSE SENSEX Index Series

The S&P BSE SENSEX is India’s bellwether index and is a globally recognized benchmark.  With the recent launch of the S&P BSE SENSEX 50 and S&P BSE SENSEX Next 50, Asia Index Pvt. Ltd. has expanded its S&P BSE SENSEX Index Series.  The newly launched indices are designed to measure the top 50 companies and Read more […]

2016 Market Performance through the Lens of Smart Beta

Participants in the Indian equity market in 2016 may have been disappointed with the muted performance by broad equity market indices (the S&P BSE SENSEX was up 3.47% for the year), while other asset classes such as bonds showed strong performance (the S&P BSE Bond Index was up 13.2%).  Where could market participants have found Read more […]

Sustainable Investment space in India

In India, S&P BSE Indices has two investible indices in the sustainable investment space—namely, the S&P BSE CARBONEX and S&P BSE GREENEX. The S&P BSE CARBONEX seeks to track the performance of the companies in the S&P BSE 100, based on their commitment to mitigating risks arising from climate change in the long run. Index Read more […]

S&P BSE SENSEX Performance during Budget Sessions over the Past Decade

The S&P BSE SENSEX acts as an indicator of the economic growth of the Indian economy.  Any national or international change in economic activity has an impact on the S&P BSE SENSEX.  In India, market participants are interested in knowing how movements in the S&P BSE SENSEX are related to various changes in economic activities. Read more […]

How Did Indian Equities and Fixed Income Fare in 2016?

What a year 2016 was—from concerns about slowing down of the Chinese economy and a surprise vote by the UK to exit the EU to a continued trend of low-to-negative interest rates among major economies globally, demonetization in India, the shocking victory of Donald Trump in the U.S. presidential election, and finally, the U.S. Federal Read more […]