NSE launched the Nifty500 Momentum 50 index

Jun 04, 2024 | by TeamLease RegTech Legal Research Team

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Secretarial Compliance The National Stock Exchange (NSE) on June 04, 2024, launched the Nifty500 Momentum 50 index.

The following has been stated:

• The Nifty500 Momentum 50 Index aims to track the performance of the top 50 companies within the Nifty 500 selected based on their Normalized Momentum Score. The Normalized Momentum Score for each company is determined based on its 6-month and 12-month price return, adjusted for volatility.

• The base date for the index is April 01, 2005, and the base value is 1000. The index will be reconstituted and rebalanced on a semi-annual basis.

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