The National
Stock Exchange (NSE) has launched three separate indices on three corporate
houses of India viz. Tata, Aditya Birla and Mahindra Group. The first of its
kind three separate indices based on corporate houses have been designed to
reflect the performance of companies belonging to the respective corporate
group. Each of three indices will comprise all the companies of the respective
business group.
The three separate indices are:-
Nifty Tata
Group Index: It includes 25 companies across 12 sectors with a total market
capitalisation of 7.51 lakh crore rupees. It represents 7.83 per cent of the
total market capitalisation of companies listed on nse.
Nifty Aditya
Birla Group Index: It consists of eight companies across seven sectors with the
market capitalisation of 2.08 lakh crore rupees. It represents 2.17 per cent of
the total market capitalisation of companies listed on the NSE.
Nifty Mahindra Group Index: It consists of
seven companies with a market capitalisation of about 1.64 lakh crore rupees.
It represents 1.71 per cent of the total market capitalisation of companies
listed on NSE. These three indices have been created by the NSE’s group company
India Index Services & Products Ltd (IISL). The company is planning to
launch indices on other corporate groups and third-party products based on such
indices.
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