NSE Launches 4 New Indices: Nifty Tata Group, Multicap, Healthcare
By Rediff Money Desk, NEWDELHI Apr 03, 2024 21:17
National Stock Exchange (NSE) will launch four new indices in capital markets and derivatives segments from April 8. The indices include Nifty Tata Group 25% Cap, Nifty500 Multicap India Manufacturing, Nifty500 Multicap Infrastructure and Nifty MidSmall Healthcare.
![NSE Launches 4 New Indices: Nifty Tata Group, Multicap, Healthcare](https://im.rediff.com/news/2021/jul/12nifty-50.jpg)
Illustration: Dominic Xavier/Rediff.com
New Delhi, Apr 3 (PTI) The National Stock Exchange (NSE) on Wednesday said it will launch four new indices in cash and futures and options segments from April 8.
The new indices are Nifty Tata Group 25% Cap, Nifty500 Multicap India Manufacturing 50:30:20, Nifty500 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.
"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," NSE said in the circular.
These indices will be available on the trading system in both capital markets and derivatives segments.
The Nifty Tata Group 25% Cap index consists of 10 companies, and is based on the free float market capitalisation method, the bourse said.
The Nifty500 Multicap India Manufacturing 50:30:20 Index and Nifty500 Multicap Infrastructure 50:30:20 Index aims to 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 for Nifty500 Multicap India Manufacturing 50:30:20 Index.
And Larsen & Toubro Ltd, Reliance Industries and Bharti Airtel are the top consitutents for the Nifty500 Multicap Infrastructure 50:30:20 Index.
Nifty MidSmall Healthcare tracks 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 are the top constituents of the index.
The new indices are Nifty Tata Group 25% Cap, Nifty500 Multicap India Manufacturing 50:30:20, Nifty500 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.
"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," NSE said in the circular.
These indices will be available on the trading system in both capital markets and derivatives segments.
The Nifty Tata Group 25% Cap index consists of 10 companies, and is based on the free float market capitalisation method, the bourse said.
The Nifty500 Multicap India Manufacturing 50:30:20 Index and Nifty500 Multicap Infrastructure 50:30:20 Index aims to 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 for Nifty500 Multicap India Manufacturing 50:30:20 Index.
And Larsen & Toubro Ltd, Reliance Industries and Bharti Airtel are the top consitutents for the Nifty500 Multicap Infrastructure 50:30:20 Index.
Nifty MidSmall Healthcare tracks 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 are the top constituents of the index.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Navi Mumbai...](https://im.rediff.com/80-80/money/2021/jun/10navi-mumbai-airport7.jpg)
Navi Mumbai Airport ILS Signal Testing Begins
The Airports Authority of India (AAI) has begun ILS signal testing at the...
![Air India VRS for...](https://im.rediff.com/80-80/money/2020/sep/09tata-vistara-3.jpg)
Air India VRS for Non-Flying Staff Ahead of...
Air India has announced a voluntary retirement scheme (VRS) and voluntary separation...
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...