Calcutta, Oct. 6: The Bombay Stock Exchange is eyeing more indices in its portfolio by the end of the fiscal.

Besides the benchmark BSE Sensex, the stock exchange has several indices based on market capitalisation, industry, theme and investment strategy.

Asia Index, a 50:50 joint venture between the S&P Dow Jones Indices and the BSE, is engaged in developing indices.

Officials of Asia Index today said in addition to the S&P BSE AllCap Index and its suite of 15 indices launched in April this year, more indices were in the pipeline to broaden the market coverage and offer investors a diversified way to measure markets.

"At present we are working on 8-10 indices. These include thematic indices as well as smart beta factor-based indices," said Koel Ghosh, director (business development) at Asia Index.

Explaining smart beta indices, Ghosh said instead of weighing the constituents of an index on free float market capitalisation, factors such as profits and dividends, price-earning or price to book-value ratio of the constituent firms could be considered while forming an index.