New Delhi: NSE Indices launched India’s first index focused on the EV industry in the form of Nifty EV and New Age Automotive Index, it said in an official statement. The index will track business performance in the EV space apart from companies involved in new age automotive vehicles as well as related technology.
NSe will set April 2, 2018 as the base date for this index with a starting value of 1,000. The index will be reconstituted twice a year and rebalanced every quarter. The move is part of NSE’s efforts to align with market trends, said NSE Indices CEO, Mukesh Agarwal. The Nifty EV and NEA index is likely to be used by asset managers and passive funds such as ETFs and index funds.
NSE cited the policy push from the Indian government regarding EV adoption as well as the promotion of India as a manufacturing hub as providing a fillip to the country’s EV ecosystem.
NSE thematic indices
Here’s a list of thematic indices offered by the NSE:
S.No.
Index name
1
Nifty India Corporate Group Index – Aditya Birla Group
2
Nifty Commodities
3
Nifty Core Housing
4
Nifty CPSE
5
Nifty Energy
6
Nifty EV & New Age Automotive
7
Nifty Housing
8
Nifty India Consumption
9
Nifty India Defence
10
Nifty India Digital
11
Nifty India Manufacturing
12
Nifty Infrastructure
13
Nifty India Corporate Group Index – Mahindra Group
14
Nifty Midcap Liquid 15
15
Nifty MidSmall India Consumption
16
Nifty MNC
17
Nifty Mobility
18
Nifty PSE
19
Nifty REITs & InvITs
20
Nifty Non-Cyclical Consumer
21
Nifty Services Sector
22
Nifty Shariah 25
23
Nifty India Corporate Group Index – Tata Group
24
Nifty India Corporate Group Index – Tata Group 25% Cap
25
Nifty Transportation & Logistics
26
Nifty100 Liquid 15
27
Nifty50 Shariah
28
Nifty500 Shariah
29
Nifty500 Multicap India Manufacturing 50:30:20
30
Nifty500 Multicap Infrastructure 50:30:20
31
Nifty SME Emerge
32
Nifty100 ESG
33
Nifty100 Enhanced ESG
34
Nifty100 ESG Sector Leaders
NSE Indices launched the Nifty EV and New Age Automotive Index with a focus on the EV industry amid rising industry in manufacturing and sales of these vehicles backed by the government’s policy push. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
