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Exclusive Peek: NSE’s Four Powerful Indices Set to Launch!

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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.

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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 NameIndustry
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 NameIndustry
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 LtdConsumer 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 NameIndustry
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.

FAQ

  1. 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 Healthcare

  2. When will these new indices be effective?

    These indices will be effective from April 8, 2024.

  3. 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.

  4. 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.

  5. 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.

  6. 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.

  7. 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.

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I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.

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