NSE’s group company IISL launched indices on Tata, Birla, Mahindra Groups

Dec 18, 2015 12:36 IST

India Index Services & Products Ltd. (IISL), a subsidiary of National Stock Exchange (NSE), on 16 December 2015 launched indices on 3 corporate groups in India namely- Tata, Birla and Mahindra groups.

The three indices are called as- Nifty Tata Group Index, Nifty Aditya Birla Group Index and Nifty Mahindra Group Index.

Features of the indices

• These are designed to reflect performance of companies belonging to the respective corporate groups.
• They are based on full market capitalization method and will include all the companies of the respective groups listed on NSE.
• The base date of these indices is 1 April 2005 and base value is 1000.
• They will be maintained by IISL and calculated on an end-of-day basis.

Nifty Tata Group Index: It consists of 25 companies across 12 sectors. The market capitalization of this index is about 751160 crore rupees which is 7.83 percent of the total market capitalization of companies listed on NSE.

Additional series of Tata Group namely Nifty Tata Group 25 percent Cap based on free float market capitalization with 10 constituents capped at 25 percent is also being launched.

Nifty Aditya Birla Group Index: It consists of 8 companies across 7 sectors. The market capitalization of this index is about 208170 crore rupees which is 2.17 percent of the total market capitalization of companies listed on NSE.

Nifty Mahindra Group Index: It consists of 7 companies across 6 sectors. The market capitalization of this index is about 164580 crore rupees which is 1.71 percent of the total market capitalization of companies listed on NSE.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

Is this article important for exams ? Yes5 People Agreed
Read more Current Affairs on: NSE , IISL , Nifty indices , Tata group , Birla group , Mahindra group

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK