Expanding Horizons: NSE's Launch of Four New Indices Signals Growth in Capital Markets | Stock Exchange |

 

NSE to launch four new indices in capital markets from April 8, 2024

On April 3, the National Stock Exchange (NSE) said it will introduce four new indices starting from April 8. These indices will be used in both the capital markets and Futures & Options segments.

The new indices are called Nifty Tata Group 25 Percent Cap, Nifty 500 Multicap India Manufacturing 50:30:20, Nifty 500 Multicap Infrastructure 50:30:20, and Nifty Mid Small Healthcare.

"As a result, the NSE mentioned in a circular that the indices will be accessible to Futures & Options members through the NEAT+ terminals' multiple index inquiry screen.

Nifty Mid Small Healthcare Index

The Nifty Mid Small Healthcare index monitors the performance of midcap and small cap stocks in the healthcare sector. Its main components include Max Healthcare Institute, Lupin Limited, and Aurobindo Pharma. Since its inception, the index has provided a return of 21.33 percent.

Nifty 500 Multicap India Manufacturing 50:30:20 Index

This index aims to follow the performance of specific large cap, mid cap, and small cap stocks from the Nifty 500 index that represent the manufacturing theme. Key components of the index include Reliance Industries, Sun Pharma, and Tata Motors. Since its inception, the index has yielded a return of 15.72 percent.

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Nifty Tata Group 25 percent Cap

The index is designed to reflect performance of NSE listed companies belonging to a particular corporate group. It has given returns of 17.34 percent returns since inception. The top three constituents of the index are TCS, Tata Motors, and Titan Company.