India’s BSE cleared as eligible exchange for FTSE Russell equity indices

FTSE Russell has confirmed BSE as an eligible exchange for its equity indices, allowing BSE-listed stocks to be assessed for inclusion from its March 2027 review.

FTSE Russell said on Thursday that India's BSE ​has met the criteria to ‌be an eligible exchange for ​its equity indices, ⁠paving the way for BSE-listed stocks to be considered for index inclusion ‌and potentially attracting passive fund flows.

* Stocks listed ‌on BSE's main board ‌will ⁠be assessed for index eligibility ⁠from FTSE's March 2027 review, the index provider said.

* Any stocks listing ​on the ‌BSE main board through initial public offerings will also be eligible for fast-track screening, it added.

* ‌If a company is ​listed on both the BSE and the ⁠NSE and passes liquidity tests on both exchanges, the NSE-listed security ‌will be selected for index eligibility as the exchange has more international institutional investor participation, FTSE Russell said.

* NSE-listed stocks are already eligible ‌for inclusion in FTSE Russell indices.

* The ​NSE earlier this month said it would add ⁠BSE to its benchmark Nifty 50 ⁠index, effective September, which analysts at Nuvama said could ‌bring in $695 million of inflows for BSE.

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