The National Stock Exchange (NSE) on September 09, 2024, launched Nifty Capital Markets Index.
The Nifty Capital Markets Index aims to track the performance of stocks from the Nifty 500 Index which are relevant to the capital market theme. The index includes stocks from basic industries such as Asset Management Company, Exchange and Data Platform, Stockbroking & Allied, Depositories, Clearing Houses and Other Intermediaries, Financial Products Distributor, Ratings and Other Capital Market related services.
The base date for the index is April 01, 2019, and the base value is 1000. The index will be reconstituted semi-annually and rebalanced on a quarterly basis.
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.
