NCDEX launches NDEX and FINNDEX to expand into equity benchmarks
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓NCDEX launched NDEX and FINNDEX to track large Indian stocks and financial companies.
- ✓Vikas Goel, MD and CEO of NCDEX, said, "Our expansion into the equity and equity derivatives segment is a part of our vision." These indices use a multi-factor method and will get rebalanced twice every year.
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
NCDEX has launched NDEX and FINNDEX, two equity benchmarks tracking 20 large, liquid Indian stocks and 15 financial sector companies. Their multi-factor methodology incorporates market capitalisation, trading activity, beta and volatility, with semiannual rebalancing.
NCDEX has entered the equity market benchmark space with the launch of two indices, NDEX and FINNDEX, as the exchange expands beyond its traditional commodities business into equities and equity derivatives.
The indices, designed to track large and liquid Indian stocks and the financial services sector, respectively, use a multi-factor methodology that combines free-float market capitalisation, trading activity, beta and volatility, moving beyond a market-capitalisation-only approach to stock selection and weighting.
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Economic Times
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