NSE to introduce 4 new indices in capital, F&O segments from April 8

MUMBAI – The National Stock Exchange (NSE) of India will launch four new indices in the cash and futures and options segments with effect from April 8.

The exchange has proposed online dissemination of indices namely, Nifty Tata Group 25% Cap, Nifty500 Multicap India Manufacturing 50:30:20, Nifty500 Multicap Infrastructure 50:30:20, and Nifty MidSmall Healthcare, according to a circular issued by NSE earlier today.

These indices will be available on the trading system in both capital markets and the derivatives segments.

The Nifty Tata Group 25% Cap index consists of 10 companies, and is based on the free float market capitalisation method, NSE said.

The Nifty500 Multicap India Manufacturing 50:30:20 Index will track the performance of select largecap, midcap, and smallcap stocks from the Nifty 500 index that represent the manufacturing theme.

The index will have 75 constituents and the weight of the stocks is based on each stock’s free-float market cap, with overall weight to the largecap segment fixed at 50%, for the midcap segment at 30%, and smallcap segment at 20%.

The top 10 constituents of this index by weight are Reliance Industries, Sun Pharmaceutical Industries, Tata Motors, Maruti Suzuki India, Mahindra & Mahindra, Tata Steel, Bajaj Auto, Hindalco Industries, JSW Steel, and Cipla.

Similarly, the Nifty500 Multicap Infrastructure 50:30:20 Index will track the performance of select largecap, midcap, and smallcap stocks from the Nifty 500 index that represent the infrastructure theme.

This index too, will have 75 constituents, and the weight of the stocks is based on each stock’s free-float market capitalization, with overall weight to the largecap segment fixed at 50%, for the midcap segment at 30%, and the smallcap segment at 20%.

The top 10 constituents of this index by weight are Larsen & Toubro, RIL, Bharti Airtel, NTPC, Max Healthcare, Power Grid Corp, UltraTech Cement, Indian Hotels, ONGC, and Adani Ports and SEZ. L&T has the highest weight at 10.35%, while Adani Ports has a weight of 2.29%.

The Nifty MidSmall Healthcare will track the performance of the midcap and smallcap stocks within the healthcare sector. The index includes upto 30 stocks selected from Nifty MidSmallcap 400 index based on the stock’s six-month average free-float market capitalization.

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