Wednesday, January 20, 2016

IISL launches three new corporate group Indices

India Index Services & Products Ltd (IISL), an arm of National Stock Exchange (NSE), has launched three indices of Tata Group, Aditya Birla Group and Mahindra Group.
  • The Indices namely Nifty Tata Group IndexNifty Aditya Birla Group Indexand Nifty Mahindra Group Index are used to track the performance of all the companies of respective groups
  • These Indices are based on full market capitalization method and include all the companies of the respective groups listed on the NSE.
  • Nifty Tata group consists of 25 companies across 12 sectors. Nifty Aditya Birla group contains 8 companies across seven sectors while Nifty Mahindra Group index includes seven companies across six sectors.

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