On Wednesday, the National Stock Exchange (NSE) unveiled four new indices for both the cash and futures and options segments, starting April 8.
The NSE has announced its intention to make available indices like the Nifty Tata Group 25% Cap, Nifty500 Multicap India Manufacturing 50:30:20, Nifty500 Multicap Infrastructure 50:30:20, and Nifty MidSmall Healthcare through online channels, as detailed in a circular issued today.
“In a circular, NSE stated that the indices will be accessible to F&O members through NEAT+ terminals under the multiple index inquiry screen.”
Nifty Tata Group 25% Cap
The Nifty Tata Group 25% Cap index, consisting of 10 companies, is calculated based on the free float market capitalization method, according to NSE. Since its establishment, it has delivered returns of 17.34 percent. Key constituents of the index include TCS, Tata Motors, and Titan Company.
Nifty500 Multicap India Manufacturing 50:30:20
The Nifty500 Multicap India Manufacturing 50:30:20 Index tracks the performance of specific largecap, midcap, and smallcap stocks from the Nifty 500 index reflecting the manufacturing sector.
With 75 constituents, this index assigns weights to stocks based on their free-float market capitalization. Largecaps carry 50%, midcaps 30%, and smallcaps 20%.
Among its top 10 weighted constituents are Reliance Industries, Sun Pharmaceutical Industries, Tata Motors, Maruti Suzuki India, Mahindra & Mahindra, Tata Steel, Bajaj Auto, Hindalco Industries, JSW Steel, and Cipla.
Nifty500 Multicap Infrastructure 50:30:20
The Nifty500 Multicap Infrastructure 50:30:20 Index tracks the performance of selected large-cap, mid-cap, and small-cap stocks from the Nifty 500 index representing the infrastructure sector.
This index consists of 75 stocks, with weights assigned based on their free-float market capitalization. Large-cap stocks hold 50% weight, mid-cap stocks 30%, and small-cap stocks 20%.
Among its top 10 constituents are Larsen & Toubro, RIL, Bharti Airtel, NTPC, Max Healthcare, Power Grid Corp, UltraTech Cement, Indian Hotels, ONGC, and Adani Ports and SEZ. Larsen & Toubro carries the highest weight at 10.35%, followed by Adani Ports at 2.29%.
Nifty MidSmall Healthcare
The Nifty MidSmall Healthcare index tracks midcap and smallcap healthcare stocks. It includes around 30 stocks selected from the Nifty MidSmallcap 400 index based on their six-month average free-float market capitalization.
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