Oldest Domestic Stock Exchange in the Nation Experiences Activity
The Bombay Stock Exchange (BSE), one of Asia's most significant stock exchanges based in Mumbai, India, maintains a key index known as the BSE Midcap Index. This index aims to represent the performance of mid-cap companies listed on the BSE.
The BSE Midcap Index is calculated using the free-float market capitalization method, which only includes shares available for public trading. This approach ensures that the index accurately reflects the real market value of the constituent companies. Larger companies with higher free-float market capitalization have a greater impact on the movement of the index, as it uses a weighted average of the market capitalization of all constituent companies.
As of June 28, 2025, the BSE MidCap share price was ₹46,541.25. While the historical performance of the BSE Midcap Index can be analysed by looking at its past trends and returns, specific historical return data is not provided in the search results. Generally, mid-cap indices tend to be more volatile than large-cap indices but can offer higher growth potential.
The BSE Midcap Index offers a benchmark for mid-cap stocks in India and is one of several indices maintained by the BSE, including the S&P BSE Sensex, S&P BSE 500, and BSE Small-Cap index. Companies listing on the BSE must adhere to strict eligibility criteria, such as a track record of profitability for at least three years and a minimum public shareholding of 10%. They must also comply with listing and disclosure standards, including those related to corporate governance principles, annual reports, and quarterly financial statements.
In comparison, other midcap indices, like the Nifty Midcap Select Index, aim to track the performance of a portfolio of liquid midcap stocks selected from the Nifty Midcap 150 index. These indices also use free-float market capitalization for stock weights. The BSE Midcap Index and similar indices play a crucial role in the nation's financial markets, providing merchants and investors with a variety of products such as equities, derivatives, mutual funds, debt instruments, and currency derivatives.
The BSE, initially named "The Native Share and Stock Brokers' Association," was first established in 1875 under a banyan tree in Mumbai. Over time, it has developed into one of India's top exchanges, maintaining a disaster recovery site to ensure trading can continue in the event of a system outage. The BSE's market capitalization exceeds $2 trillion, and the Securities and Exchange Board of India (SEBI) oversees the BSE to ensure its compliance with rules and regulations.
The BSE Midcap Index, a benchmark for mid-cap stocks in India, is calculated using the free-float market capitalization method and is maintained by the Bombay Stock Exchange (BSE). This method ensures that the index accurately reflects the real market value of the constituent companies and larger companies have a greater impact due to the weighted average of market capitalization.
