Bombay Stock Exchange Starts Realty Index

Bombay Stock Exchange, Asia's oldest, started a real estate index, seeking to reflect the appetite for shares of property developers that last month helped DLF Ltd. raise $2.4 billion in the country's biggest initial stock sale. DLF will account for 36 percent of the 11-member BSE Realty index, the exchange said today in an e-mailed statement. The New Delhi-based company, whose shares began trading on July 5, has a market value of $24 billion.