The National Stock Exchange (NSE) of India is set to introduce four new indices in the capital market and futures & options (F&O) segment starting April 8, 2024. This move is aimed at diversifying the options available to investors and providing more focused investment instruments.
Nifty Tata Group 25% Cap
The Nifty Tata Group 25% Cap index is a novel addition that offers investors exposure to the Tata conglomerate. The index includes 10 prominent companies from the Tata Group, such as TCS, Tata Motors, Titan Co, and others. It employs a free float market capitalization method for index calculation, ensuring that the weight of any single stock does not exceed 25%. This cap is significant as it prevents over-representation of any single entity, thus maintaining a diversified portfolio within the index.
Nifty500 Multicap India Manufacturing 50:30:20
The Nifty500 Multicap India Manufacturing 50:30:20 index represents a strategic mix of large-cap, mid-cap, and small-cap stocks, specifically from the manufacturing sector. It comprises 75 constituents from the Nifty 500 index, reflecting the diverse manufacturing landscape of India. The index is structured to allocate 50% weight to large-cap stocks, 30% to mid-cap, and 20% to small-cap, offering a balanced exposure across different market capitalizations. Top constituents by weight include industry giants like Reliance Industries, Sun Pharmaceutical Industries, and Tata Motors.
| Company Name | Industry |
| Aarti Industries Ltd. | Chemicals |
| Abbott India Ltd. | Healthcare |
| Alkem Laboratories Ltd. | Healthcare |
| Amara Raja Energy & Mobility Ltd. | Automobile and Auto Components |
| Amber Enterprises India Ltd. | Consumer Durables |
| Apollo Tyres Ltd. | Automobile and Auto Components |
| Asahi India Glass Ltd. | Automobile and Auto Components |
| Ashok Leyland Ltd. | Capital Goods |
| Astral Ltd. | Capital Goods |
| Aurobindo Pharma Ltd. | Healthcare |
| Bajaj Auto Ltd. | Automobile and Auto Components |
| Balkrishna Industries Ltd. | Automobile and Auto Components |
| Bharat Electronics Ltd. | Capital Goods |
| Bharat Forge Ltd. | Capital Goods |
| Bharat Heavy Electricals Ltd. | Capital Goods |
| Blue Star Ltd. | Consumer Durables |
| CIE Automotive India Ltd. | Automobile and Auto Components |
| Castrol India Ltd. | Oil, Gas & Consumable Fuels |
| Century Textile & Industries Ltd. | Forest Materials |
| Chambal Fertilizers & Chemicals Ltd. | Chemicals |
| Cipla Ltd. | Healthcare |
| Coromandel International Ltd. | Chemicals |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Durables |
| Cummins India Ltd. | Capital Goods |
| Deepak Nitrite Ltd. | Chemicals |
| Divi’s Laboratories Ltd. | Healthcare |
| Dixon Technologies (India) Ltd. | Consumer Durables |
| Dr. Reddy’s Laboratories Ltd. | Healthcare |
| Eicher Motors Ltd. | Automobile and Auto Components |
| Elgi Equipments Ltd. | Capital Goods |
| Exide Industries Ltd. | Automobile and Auto Components |
| Finolex Cables Ltd. | Capital Goods |
| Finolex Industries Ltd. | Capital Goods |
| Glenmark Pharmaceuticals Ltd. | Healthcare |
| Granules India Ltd. | Healthcare |
| Gujarat Narmada Valley Fertilizers and Chemicals Ltd. | Chemicals |
| Hero MotoCorp Ltd. | Automobile and Auto Components |
| Hindalco Industries Ltd. | Metals & Mining |
| Hindustan Copper Ltd. | Metals & Mining |
| Hindustan Petroleum Corporation Ltd. | Oil, Gas & Consumable Fuels |
| Ipca Laboratories Ltd. | Healthcare |
| J.B. Chemicals & Pharmaceuticals Ltd. | Healthcare |
| JSW Steel Ltd. | Metals & Mining |
| Kaynes Technology India Ltd. | Capital Goods |
| Kec International Ltd. | Capital Goods |
| Laurus Labs Ltd. | Healthcare |
| Lupin Ltd. | Healthcare |
| MRF Ltd. | Automobile and Auto Components |
| Mahindra & Mahindra Ltd. | Automobile and Auto Components |
| Maruti Suzuki India Ltd. | Automobile and Auto Components |
| NATCO Pharma Ltd. | Healthcare |
| National Aluminium Co. Ltd. | Metals & Mining |
| Navin Fluorine International Ltd. | Chemicals |
| PI Industries Ltd. | Chemicals |
| Page Industries Ltd. | Textiles |
| Piramal Pharma Ltd. | Healthcare |
| Poly Medicure Ltd. | Healthcare |
| Polycab India Ltd. | Capital Goods |
| Praj Industries Ltd. | Capital Goods |
| Ramkrishna Forgings Ltd. | Capital Goods |
| Ratnamani Metals & Tubes Ltd. | Capital Goods |
| Raymond Ltd. | Textiles |
| Reliance Industries Ltd. | Oil, Gas & Consumable Fuels |
| Sanofi India Ltd. | Healthcare |
| Steel Authority of India Ltd. | Metals & Mining |
| Sun Pharmaceutical Industries Ltd. | Healthcare |
| Suven Pharmaceuticals Ltd. | Healthcare |
| Tata Chemicals Ltd. | Chemicals |
| Tata Motors Ltd. | Automobile and Auto Components |
| Tata Steel Ltd. | Metals & Mining |
| Tejas Networks Ltd. | Telecommunication |
| Titagarh Rail Systems Ltd. | Capital Goods |
| UPL Ltd. | Chemicals |
| Voltas Ltd. | Consumer Durables |
| Welspun Corp Ltd. | Capital Goods |
Nifty500 Multicap Infrastructure 50:30:20
Parallel to the manufacturing index, the Nifty500 Multicap Infrastructure 50:30:20 index is designed to track the performance of companies within the infrastructure sector. It also has 75 constituents from the Nifty 500 index, with the same weight distribution as the manufacturing index. This index includes key players such as Larsen & Toubro, RIL, and Bharti Airtel, with L&T having the highest weight at 10.35%.
| Company Name | Industry |
| ACC Ltd. | Construction Materials |
| Adani Ports and Special Economic Zone Ltd. | Services |
| Aegis Logistics Ltd. | Oil, Gas & Consumable Fuels |
| Amara Raja Energy & Mobility Ltd. | Automobile and Auto Components |
| Ambuja Cements Ltd. | Construction Materials |
| Apollo Hospitals Enterprise Ltd. | Healthcare |
| Apollo Tyres Ltd. | Automobile and Auto Components |
| Asahi India Glass Ltd. | Automobile and Auto Components |
| Ashok Leyland Ltd. | Capital Goods |
| Balkrishna Industries Ltd. | Automobile and Auto Components |
| Bharat Heavy Electricals Ltd. | Capital Goods |
| Bharat Petroleum Corporation Ltd. | Oil, Gas & Consumable Fuels |
| Bharti Airtel Ltd. | Telecommunication |
| Birla Corporation Ltd. | Construction Materials |
| Brigade Enterprises Ltd. | Realty |
| CESC Ltd. | Power |
| CIE Automotive India Ltd. | Automobile and Auto Components |
| Castrol India Ltd. | Oil, Gas & Consumable Fuels |
| Cera Sanitaryware Ltd | Consumer Durables |
| Container Corporation of India Ltd. | Services |
| Cummins India Ltd. | Capital Goods |
| Dalmia Bharat Ltd. | Construction Materials |
| Elgi Equipments Ltd. | Capital Goods |
| Exide Industries Ltd. | Automobile and Auto Components |
| GMM Pfaudler Ltd. | Capital Goods |
| GMR Airports Infrastructure Ltd. | Services |
| Global Health Ltd. | Healthcare |
| Godrej Properties Ltd. | Realty |
| Grasim Industries Ltd. | Construction Materials |
| Great Eastern Shipping Co. Ltd. | Services |
| Gujarat Gas Ltd. | Oil, Gas & Consumable Fuels |
| Gujarat State Petronet Ltd. | Oil, Gas & Consumable Fuels |
| HFCL Ltd. | Telecommunication |
| Hindustan Petroleum Corporation Ltd. | Oil, Gas & Consumable Fuels |
| India Cements Ltd. | Construction Materials |
| Indian Hotels Co. Ltd. | Consumer Services |
| Indian Oil Corporation Ltd. | Oil, Gas & Consumable Fuels |
| Indraprastha Gas Ltd. | Oil, Gas & Consumable Fuels |
| Indus Towers Ltd. | Telecommunication |
| J.K. Cement Ltd. | Construction Materials |
| JK Lakshmi Cement Ltd. | Construction Materials |
| Jubilant Foodworks Ltd. | Consumer Services |
| Kalpataru Projects International Ltd. | Construction |
| Kaynes Technology India Ltd. | Capital Goods |
| Kec International Ltd. | Capital Goods |
| Krishna Institute of Medical Sciences Ltd. | Healthcare |
| Larsen & Toubro Ltd. | Construction |
| Lemon Tree Hotels Ltd. | Consumer Services |
| MRF Ltd. | Automobile and Auto Components |
| Mahanagar Gas Ltd. | Oil, Gas & Consumable Fuels |
| Max Healthcare Institute Ltd. | Healthcare |
| NCC Ltd. | Construction |
| NTPC Ltd. | Power |
| Narayana Hrudayalaya Ltd. | Healthcare |
| Oberoi Realty Ltd. | Realty |
| Oil & Natural Gas Corporation Ltd. | Oil, Gas & Consumable Fuels |
| PNC Infratech Ltd. | Construction |
| Petronet LNG Ltd. | Oil, Gas & Consumable Fuels |
| Power Grid Corporation of India Ltd. | Power |
| Praj Industries Ltd. | Capital Goods |
| Redington Ltd. | Services |
| Reliance Industries Ltd. | Oil, Gas & Consumable Fuels |
| Route Mobile Ltd. | Telecommunication |
| Sapphire Foods India Ltd. | Consumer Services |
| Shree Cement Ltd. | Construction Materials |
| Tata Communications Ltd. | Telecommunication |
| Tata Power Co. Ltd. | Power |
| Tejas Networks Ltd. | Telecommunication |
| The Ramco Cements Ltd. | Construction Materials |
| Titagarh Rail Systems Ltd. | Capital Goods |
| Tube Investments of India Ltd. | Automobile and Auto Components |
| UltraTech Cement Ltd. | Construction Materials |
| Vardhman Textiles Ltd. | Textiles |
| Vodafone Idea Ltd. | Telecommunication |
| Westlife Foodworld Ltd. | Consumer Services |
Nifty MidSmall Healthcare
The Nifty MidSmall Healthcare index focuses on the burgeoning healthcare sector, comprising mid-cap and small-cap companies. This index aims to capture the growth potential of the healthcare industry, which is rapidly expanding due to technological advancements and increasing demand for healthcare services.
| Company Name | Industry |
| Abbott India Ltd. | Healthcare |
| Ajanta Pharmaceuticals Ltd. | Healthcare |
| Alembic Pharmaceuticals Ltd. | Healthcare |
| Alkem Laboratories Ltd. | Healthcare |
| Aurobindo Pharma Ltd. | Healthcare |
| Dr. Lal Path Labs Ltd. | Healthcare |
| Eris Lifesciences Ltd. | Healthcare |
| Fortis Healthcare Ltd. | Healthcare |
| Glaxosmithkline Pharmaceuticals Ltd. | Healthcare |
| Glenmark Pharmaceuticals Ltd. | Healthcare |
| Granules India Ltd. | Healthcare |
| Ipca Laboratories Ltd. | Healthcare |
| J.B. Chemicals & Pharmaceuticals Ltd. | Healthcare |
| Jubilant Pharmova Ltd. | Healthcare |
| Krishna Institute of Medical Sciences Ltd. | Healthcare |
| Laurus Labs Ltd. | Healthcare |
| Max Healthcare Institute Ltd. | Healthcare |
| Medplus Health Services Ltd. | Consumer Services |
| Metropolis Healthcare Ltd. | Healthcare |
| NATCO Pharma Ltd. | Healthcare |
| Narayana Hrudayalaya Ltd. | Healthcare |
| Pfizer Ltd. | Healthcare |
| Poly Medicure Ltd. | Healthcare |
| Procter & Gamble Health Ltd. | Healthcare |
| Sanofi India Ltd. | Healthcare |
| Sequent Scientific Ltd. | Healthcare |
| Solara Active Pharma Sciences Ltd. | Healthcare |
| Strides Pharma Science Ltd. | Healthcare |
| Suven Pharmaceuticals Ltd. | Healthcare |
| Syngene International Ltd. | Healthcare |
These indices reflect current market trends and testament to the NSE’s commitment to providing innovative financial instruments that cater to investors’ evolving needs. They offer targeted exposure to specific sectors, enabling investors to make more informed and strategic investment decisions.
For investors and market enthusiasts looking to explore these indices further, detailed information regarding the constituents, methodology, and real-time performance can be accessed through the official NSE website or financial data platforms.
The introduction of these indices is expected to bring about a positive change in the dynamics of the Indian capital markets, offering new avenues for investment and hedging strategies in the F&O segment. It’s an exciting development for both retail and institutional investors looking to diversify their portfolios and tap into the growth potential of these specific sectors of the Indian economy.
*Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as recommendation or investment advice by Research & Ranking. We will not be liable for any losses that may occur. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
FAQ
What are the new indices introduced by the NSE?
The NSE has introduced four new indices:
Nifty Tata Group 25% Cap
Nifty500 Multicap India Manufacturing 50:30:20
Nifty500 Multicap Infrastructure 50:30:20
Nifty MidSmall HealthcareWhen will these new indices be effective?
These indices will be effective from April 8, 2024.
What is the Nifty Tata Group 25% Cap index?
The Nifty Tata Group 25% Cap index consists of 10 companies from the Tata Group, with a cap of 25% on the weight of any single stock.
What does the Nifty500 Multicap India Manufacturing 50:30:20 index represent?
This index will track the performance of select large-cap, mid-cap, and small-cap stocks from the Nifty 500 index that represent the manufacturing sector. The weight distribution for this index is fixed at 50% for large-cap, 30% for mid-cap, and 20% for small-cap stocks.
What is the focus of the Nifty500 Multicap Infrastructure 50:30:20 index?
Similar to the manufacturing index, this index focuses on infrastructure stocks within the Nifty 500, with the same weight distribution as the manufacturing index.
What does the Nifty MidSmall Healthcare index aim to capture?
The Nifty MidSmall Healthcare index aims to track the performance of mid-cap and small-cap stocks within the healthcare sector.
Where can I find more information about these indices?
Detailed information about these indices, including their constituents and methodology, can be found on the official NSE website or through financial data platforms.
I’m Archana R. Chettiar, an experienced content creator with
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