The National Stock Exchange (NSE), on March 11, 2025, issued a notification regarding the Launch of Nifty Chemicals Index by NSE Indices Limited.
NSE Indices Limited has launched the Nifty Chemicals Index to track the performance of the top 20 chemical sector stocks from the Nifty 500, selected based on 6-month average free float market capitalization. The index uses a free float market capitalization-weighted methodology with a 33% weight cap per stock and a 62% cap for the top three stocks. The base date is April 01, 2005, with a base value of 1000. It will be reconstituted semi-annually and rebalanced quarterly. The index aims to serve as a benchmark for asset managers and a reference index for passive funds like ETFs, index funds, and structured products.
