NSE Indices launches new manufacturing and infrastructure indices

NSE Indices, NSE’s index services subsidiary, announced the launch of Nifty500 Multicap India Manufacturing 50:30:20 index and Nifty500 Multicap Infrastructure 50:30:20 index on March 6.

“The Nifty500 Multicap India Manufacturing 50:30:20 aims to track the performance of select large cap, mid cap and small cap stocks from the Nifty 500 index that represent the manufacturing theme.

The Nifty500 Multicap Infrastructure 50:30:20 Index aims to track the performance of select largecap, mid cap and small cap stocks from the Nifty 500 index that represents the infrastructure theme.”, NSE said in its press release.

NSE said the weight of the stocks in the indices will be based on stock’s free float market capitalisation. Overall weight to the large cap segment will be fixed at 50 percent, while midcap segment will be at 30 percent and smallcap segment will be at 20 percent. The weight of a stock in the index is capped at 10 percent.