NSE Indices launches 11 new sectoral indices, total count rises to 34
New Delhi, June 17
NSE Indices Limited, the index services subsidiary of the National Stock Exchange has expanded its portfolio by introducing 11 new sector-specific indices, as per a statement by NSE Indices.
NSE Indices Limited on Tuesday announced the launch of 11 new sectoral indices covering a range of industries including power, retail, NBFC and more.
According to the release, the newly introduced indices are: Nifty Power, Nifty Capital Goods, Nifty Telecommunications, Nifty Construction, Nifty Consumer Services, Nifty Commercial & Transport Services, Nifty Retail, Nifty Hospitals, Nifty NBFC, Nifty Housing Finance, and Nifty Insurance.
"NSE Indices Limited today launched 11 new sectoral indices namely:1) Nifty Power 2) Nifty Capital Goods 3) Nifty Telecommunications 4) Nifty Construction 5) Nifty Consumer Services 6) Nifty Commercial & Transport Services 7) Nifty Retail 8) Nifty Hospitals 9) Nifty NBFC 10) Nifty Housing Finance 11) Nifty Insurance," the release added.
With the addition of these indices, the total number of sectoral indices offered by NSE Indices has increased to 34.
"The launch of these 11 indices takes the total count of sectoral indices to 34, enhancing the breadth and depth of sectoral representation across India's economy," the release said.
According to the release, the expanded range of sector indices covers more industries across the economy, including both traditional sectors and newer, fast-growing areas.
"This expanded suite of sector indices offers a more comprehensive and granular coverage across established and emerging sectors," it added.
The release further added that the new indices are expected to serve as performance benchmarks for asset managers and may also be used by passive investment products such as Exchange Traded Funds (ETFs), index funds, and structured products.
"The new indices are expected to act as benchmarks for asset managers and be reference indices tracked by passive funds in the form of Exchange Traded Funds (ETFs), index funds and structured products," the release said.
— ANI
Reader Comments
Finally a retail index! With all the new e-commerce and quick commerce companies entering markets, this is going to be very useful for tracking consumption patterns. Nifty Retail could become one of the most watched indices. 🛍️
As a mutual fund investor, this is welcome but I hope SEBI keeps a close watch on potential misuse. Sometimes such indices are created just to launch new products without real investor benefit. Hope these bring genuine diversification and not just another way to charge fees.
Nifty Hospitals index is interesting! With healthcare infrastructure spending increasing (especially post-COVID), this could be a good long-term play. Similarly, Nifty Telecom makes sense with 5G rollout. Let's hope these indices truly reflect sector performance and not just large-cap bias. 🏥📡
Nifty Power is timely given the focus on energy transition. But why isn't there an Nifty Renewable Energy index separately? Many investors want exposure to solar and wind specifically. Maybe next year they'll add more niche indices. Good start overall though. ⚡
34 sectoral indices now! That's quite a lot. As someone tracking Indian markets from the US, this makes it easier to bet on specific themes like infrastructure (Nifty Construction, Capital Goods) or financial services (NBFC, Insurance, Housing Finance). Hope the index methodology is transparent.
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