New Delhi, Dec 10: The Bombay Stock Exchange’s (BSE) subsidiary BSE Index Service on Wednesday announced the launch of four new factor Indices from the universe of BSE large-cap total market capitalisation (TMC) index with 5 per cent stock level capping.

The newly introduced indices are BSE large-cap 100 momentum 30, BSE large-cap 100 low volatility 30, BSE large-cap 100 enhanced value 30, and BSE large-cap 100 quality 30.

“BSE Index Services Pvt. Ltd., a wholly owned subsidiary of BSE, today announced the launch of 4 new BSE factor indices from the BSE 100 large cap TMC index as the universe with 5 per cent stock level capping,” the exchange said in a press release.

These Indices are Reconstituted Quarterly, have a base value of 1000, and the first value date is June 20, 2005, along with the additional screening for the liquidity profile, the release added.

BSE large-cap 100 Momentum 30 will track the performance of the 30 companies in the BSE 100 large-cap TMC that exhibit the most persistence in their relative performance, based on their momentum scores. Constituents are weighted based on their momentum score.

BSE large-cap 100 Low Volatility 30 will measure the performance of the 30 least volatile companies in the BSE 100 large-cap TMC. Constituents are weighted by their inverse volatility.

BSE large-cap 100 Enhanced Value 30 measures the performance of the 30 companies in the BSE 100 large-cap TMC with the most attractive valuations, based on their value scores. Constituents are weighted based on their value score.

BSE large-cap 100 Quality 30 measures the performance of the 30 companies in the BSE 100 large-cap TMC that exhibit the most persistence in their relative performance, based on their momentum scores. Constituents are weighted based on their momentum score.

“Building on the success of factor launches on the BSE 500 universe earlier in the year, we are pleased to expand our factor family with the launch of four new factor indices, this time on the large-cap universe,” BSE Index Services Pvt. Ltd MD & CEO Ashutosh Singh said.

“These indices, in the same vein as our BSE 500 universe factor family, will be reset on a quarterly basis with the introduction of an innovative score-based only weighting method,” he added.

The index said that these new indices can be used for running passive strategies such as ETFs and Index Funds.

It can also be used for benchmarking of PMS strategies, MF schemes and fund portfolios. Additionally, investors can now access a broader spectrum of market opportunities, further enriching their investment strategies with this latest addition to BSE’s suite of indices.

Mumbai: Following the death of a woman passenger in a collision involving a speeding mixer truck and an illegally operated Uber-linked Activa scooter on the Eastern Express Highway, the Regional Transport Office (RTO) has taken serious note of the incident and initiated criminal action directly against the directors of Uber, Ola and Rapido.

Five FIRs have been registered across four police stations, Navghar, Nehru Nagar, Pant Nagar and Amboli. An official of the state transport department said, “We will ensure strict action against all those operating bike taxis in violation of RTO norms, including suspension of licences. No violations will be tolerated.”

According to the FIR filed on December 1 by the Navghar police, the accident occurred at 11am on November 29 beneath the Airoli Flyover on the Eastern Express Highway, Mulund (East). The accused driver, Jawahir Yadav, 40, was allegedly driving a mixer truck at high speed and in a rash and negligent manner when he rammed into an Activa scooter that had been registered on the Uber platform without any transport permit.

The impact left the scooter rider, Ganesh Madhav, seriously injured, while the pillion rider, Shubhangi Magre, 49, died. The Navghar police initially booked the truck driver for causing death by negligence. Subsequently, based on a complaint filed by Motor Vehicle Inspector Ravindra Gawde of the Mumbai East RTO (Wadala), the Navghar police registered a case against the directors of Uber India Systems Pvt Ltd.

Investigations revealed that rider Madhav had registered an Activa scooter belonging to his maternal uncle with Uber without mandatory permission from the transport department. He then reportedly ferried passengers using another scooter (MH 03 EM 4233), also without authorisation. The police have invoked relevant sections of the Bharatiya Nyaya Sanhita, the Motor Vehicles Act, and the Maharashtra Bike Taxi Rules, 2025, against Uber India directors.

The FIR states that Uber violated the conditions of its temporary permit for app-based transport services by allowing unauthorised private scooters to be registered on its platform. Following the Navghar case, RTO officials began booking bike taxi rides through various apps to initiate further action. On December 3, the Nehru Nagar police registered a case against the directors of Roppen Transportation Pvt Ltd (Rapido), stating that the company was illegally operating petrol-engine bike taxis in Mumbai without any licence from the Maharashtra government or Regional Transport Authority.

The Nehru Nagar police filed a second FIR against directors of both Rapido and Uber on December 4. On the same day, the Pant Nagar police also registered a case against Rapido’s directors for similar violations. On December 5, after booking four rides through the Rapido app and one through the Ola app, RTO officials filed another case at the Amboli police station, alleging that both companies were facilitating illegal passenger transport for profit. The police officials said investigations in all cases are underway.

Mumbai, Dec 10: Indian benchmark indices opened in green zone on Wednesday after two days of consecutive losses, amid mixed global cues and investor optimism of a US Fed rate cut.

As of 9.30 am, Sensex advanced 231 points, or 0.27 per cent at 84,898 and Nifty added 66 points, or 0.26 per cent to 25,906.

The broadcap indices performed in line with the benchmarks, with the Nifty Midcap 100 up 0.47 per cent and the Nifty Smallcap 100 adding 0.50 per cent.

All the sectoral indices on NSE were trading in the green, with metal, power and realty being the major gainers, up around 0.5 per cent.

Analysts said that liquidity has kept valuations high, justifying selling in the broader markets. A major concern is the excessive delay in the finalisation of the US-India trade deal. US President Donald Trump’s statement on action against India for dumping rice in the US can hurt traders’ sentiments.

Traders expect a third consecutive Fed rate cut on Wednesday (US time) and will focus on the central bank’s latest dot plot, economic projections, and Chair Jerome Powell’s comments, according to reports.

Market fundamentals are turning in favour of India, while higher growth and corporate earnings are achievable in the quarters ahead. The fiscal and monetary stimulus provided this year have started producing results, they added.

The US markets ended mostly in the red zone overnight, as Nasdaq advanced 0.13 per cent, the S&P 500 dropped 0.09 per cent, and the Dow dipped 0.38 per cent.

Most of the Asian markets were trading lower amid investor caution ahead of US Federal Reserve interest rate decision following a weak session on the Wall Street. Further, China’s inflation data also influenced traders’ sentiments as consumer prices edged up 0.7 per cent from a year earlier, its highest level since February last year.

In Asian markets, China’s Shanghai index dipped 0.72 per cent, and Shenzhen dropped 0.56 per cent, Japan’s Nikkei dipped 0.38 per cent, while Hong Kong’s Hang Seng Index lost 0.31 per cent. South Korea’s Kospi added 0.17 per cent.

On Tuesday, foreign institutional investors (FIIs) sold equities worth Rs 3,760 crore, while domestic institutional investors (DIIs) were net buyers of equities worth Rs 6,225 crore.