The National Stock Exchange (NSE) has launched a new index Nifty MidSmallcap 400. It will represent the mid and small market capitalization segments of the stock market. The new index will comprise of 400 companies which are the constituents of Nifty Midcap 150 and Nifty Smallcap 250 indices.
Mukesh Agarwal, CEO of IISL said that initially IISL will publish value of the Nifty MidSmallcap 400 at end of the day and subsequently disseminate online along with existing indices. The new index will be added to the exchange’s family of broad market indices.
Nifty MidSmallcap 400 index would be an appropriate benchmark for mutual fund schemes which predominantly invests in small-cap and mid-cap companies equity stocks, the statement said, quoting Navneet Munot, the Chief Information Officer of SBI Asset Management Company.
Extra Info :
NSE MD & CEO : Chitra Ramkrishna
NSE Founded IN : 1992 as the first demutualized electronic exchange in the country.
NSE Located In : Mumbai
NSE was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system which offered easy trading facility to the investors spread across the length and breadth of the country. NSE is the world’s 12th-largest stock exchange as of 23 January 2015.
So lets discuss some questions related to this article which can be asked in the upcoming exams :
1. Name the stock exchange which has launched its new index for mild and small cap stocks ?
2. The new index will comprise of how many companies ?
3. Who is the present MD & CEO of NSE ?
Courtesy : The Hindu