Indexes of Ordinary Share Prices-An Evaluation

Indexes of share prices serve the purpose of summary measure of behaviour of security prices and stock market. Equity share price movement is, by and large, the most sensitive element since it is subject to high risk and return which arises on account of its size and nature of investment. The principal equity share price indexes used by investors are:
(i) Resave Bank of India Index
(ii) Economic Times Index
(iii) Financial Express Index