NSE Unveils New Index For Chemicals

Mumbai: NSE Indices Limited, a subsidiary of the National Stock Exchange (NSE), on Tuesday introduced a new sectoral index called Nifty Chemicals.

The index will track the performance of chemical sector stocks from the Nifty-500, according to an official statement. The Nifty Chemicals index will include the top-20 stocks from the chemical sector, selected based on their six-month average free-float market capitalisation.

Stocks available for trading in the derivatives segment of NSE will be given preference, the statement added.

The weight of each stock in the index will be determined by its free-float market capitalisation.