Latest news with #NSEIndices
Business Standard
7 days ago
- Business
- Business Standard
NSE Indices launches Nifty India Infrastructure & Logistics Index
NSE's index services subsidiary, NSE Indices launched a new thematic index Nifty India Infrastructure & Logistics. The Nifty India Infrastructure & Logistics Index aims to track the performance of stocks from the Nifty 500 that represent the infrastructure and logistics theme. The index picks top 100 stocks from eligible basic industries based on a 6-month average free-float market capitalization from the Nifty 500. The weight of each stock in the index is based on free float market capitalization. The aggregate weight of stocks belonging to an industry is capped at 20% and the weight of each stock in the index is capped at 5%. The base date for the index is 1 April 2005, and the base value is 1000. The index will be reconstituted semi-annually and rebalanced on a quarterly basis. The index's performance highlights indicate a 0.61% total return in the past year, as of 30 May 2025, and a 14.22% Compound Annual Growth Rate (CAGR) since its inception (1 April 2005). Key constituents of the index include Bharti Airtel (4.98% weightage), Bharat Electronics (4.87%), Larsen & Toubro (4.86%), UltraTech Cement (4.47%) and NTPC (4.28%). The new index is expected to act as a benchmark for asset managers and be a reference index tracked by passive funds in the form of Exchange Traded Funds (ETFs), index funds and structured products.
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Business Standard
20-05-2025
- Business
- Business Standard
BSE's Asia Index expands offerings with four new factor-based indices
Asia Index, a subsidiary of BSE, on Tuesday launched four factor-based indices as part of its ongoing revival efforts over the past year. The company became a wholly-owned subsidiary of BSE in June last year after the exchange bought the stake previously held by S&P Dow Jones Indices. The indices launched include BSE 500 Enhanced Value 50, BSE 500 Low Volatility 50, BSE 500 Momentum 50, and BSE 500 Quality 50. According to the company, a key differentiator compared to similar offerings from NSE Indices is the frequency of rebalancing. The BSE indices will be rebalanced on a quarter-wise basis. 'The introduction of quarterly reconstitution schedule in our factor indices will enable factor signals to capture the most recent financial and stock price data,' said Ashutosh Singh, managing director and chief executive officer of Asia Index. Also Read Since the change in ownership, it has intensified its focus on index development. In FY25, it unveiled 20 indices, including differentiated offerings such as the BSE 1000. The company is aiming to recover lost ground after lagging behind NSE Indices in index creation during the final five years of joint ownership. 'In terms of market share, we are way below. The priority is to look at our product profile and launch indices based on discussions with mutual funds. This year, our focus is going to be on launching a lot more indices,' Singh added.
Business Standard
05-05-2025
- Business
- Business Standard
Nifty Waves Index unveiled at WAVES 2025 by Maharashtra CM Devendra Fadnavis
NSE Indices, a subsidiary of the National Stock Exchange (NSE), launched the Nifty Waves Index on 2 May 2025. The index includes 43 listed companies from the media, entertainment, and gaming sectors, reflecting the evolving dynamics of Indias creative economy. The index was officially launched at the World Audio Visual & Entertainment Summit (WAVES) 2025 in Mumbai by the Chief Minister of Maharashtra, Devendra Fadnavis. WAVES 2025, promoted by the Ministry of Information and Broadcasting (Government of India) and inaugurated by Prime Minister Narendra Modi, serves as a premier platform for dialogue, collaboration, and innovation within the Media & Entertainment industry. Indias Media & Entertainment sectorspanning film, television, music, digital platforms, and gamingis experiencing a significant transformation, driven by technological advancement and creative innovation. The Nifty Waves Index is weighted by free-float market capitalization, with each stock capped at 5%. The base date for the index is 1 April 2005, and the base value is 1,000. It is reconstituted semi-annually and rebalanced quarterly. All Indian-domiciled companies listed or permitted to trade on the NSE are eligible for inclusion. As of 30 April 2025, the index recorded a -26.08% total return over the past year, with a 4.04% CAGR since inception. Key constituents of the index include: Nazara Technologies (5.23%), Zee Media Corporation (5.15%), Zee Entertainment Enterprises (5.14%), Hathway Cable & Datacom (5.07%) and TV Today Network (5.07%). Ashishkumar Chauhan, MD & CEO, National Stock Exchange of India commenting on the Nifty Waves index said, 'We are proud to introduce the Nifty Waves index, designed to provide deep insights into the performance of one of Indias most dynamic sectors. It offers us a benchmark to understand market trends and unlock the full potential of Indias creative economy.'
