NSE To Roll Out Four New Indices On April 8

NSE introduces four new indices, set to debut on April 8 across capital and derivatives market

National Stock Exchange (NSE) has announced the launch of four new indices, slated to come into effect from April 8 in capital markets and Futures & Options segment.

These indices are Nifty Tata Group 25 per cent Cap, Nifty 500 Multicap India Manufacturing 50:30:20, Nifty 500 Multicap Infrastructure 50:30:20, and Nifty MidSmall Healthcare.

"Consequently, the broadcast of the indices will be made available to F&O members in NEAT+ terminals under the multiple index inquiry screen," the exchange stated in a circular.

"Members using Non-Neat Front end (NNF) can configure/ develop their system to receive the index broadcast. The effective date for implementation of the circular will be April 08, 2024," the circular further read.

The Nifty Tata Group 25 per cent Cap index will include 10 companies and will be based on the free float market capitalisation method.

The Nifty500 Multicap India Manufacturing 50:30:20 Index and Nifty500 Multicap Infrastructure 50:30:20 Index will track the performance of select large-cap, mid-cap and small-cap stocks from the Nifty 500 index that represent the manufacturing and infrastructure theme.

Reliance Industries Ltd, Sun Pharmaceutical Industries and Tata Motors are top constituents of the Nifty500 Multicap India Manufacturing 50:30:20 Index.

Nifty MidSmall Healthcare will track the performance of the mid-cap and small-cap stocks within the healthcare sector.

The index includes up to 30 stocks selected from the parent Nifty MidSmallcap 400 index based on the stock’s six-month average free-float market capitalisation. Max Healthcare Institute Ltd, Lupin and Aurobindo Pharma will be the top constituents of the index.

(With Inputs From PTI)

Related Stories

No stories found.
Outlook Business & Money