NSE launches three New Group Indices
The National Stock Exchange (NSE) has launched separate indices on three corporate houses of India – Tata, Aditya Birla and Mahindra Group. The indices – Nifty Tata Group Index, Nifty Aditya Birla Group Index and Nifty Mahindra Group Index – have been designed to reflect the performance of companies belonging to the respective corporate group, as per a statement issued by the NSE. Each of the indices will comprise all the companies of the respective business group.
The Nifty Tata Group Index would include 25 companies across 12 sectors with a total market capitalisation of Rs.7.51 lakh crore, which represents 7.83 per cent of the total market capitalisation of companies listed on the NSE. Read More