BSE 500 index set to post worst show in 7 years

The index, which accounts 93 per cent of the total market capitalisation of BSE listed companies cover all major industries in the Indian economy, has lost 4 per cent thus far in 2018

The S&P BSE 500 index is set to post its worst performance in seven years led by financial, automobile, infrastructure, cement and refinery stocks on the back of heavy selling by foreign portfolio investors (FPIs).

The index, which accounts 93 per cent of the total market capitalisation of BSE listed companies cover all major industries in the Indian economy, has lost 4 per cent thus far in the current calendar year 2018 (CY18), after rallying 36 per cent in calendar year (CY17). The performance in CY18 is worst since CY11 when the index had slipped 27 per cent during the