Vodafone Idea has made an exit from Nifty 500 index and Nifty Midcap 100 as part of a semi-annual rejig of NSE’s various indices. Vodafone’s current free-float market capitalisation stands at Rs 36,534 crore and the stock today ended at Rs 15.83, down by Rs 0.37 or 2.28% over the Thursday closing price. Vodafone’s exit … Read more
NSE’s index services subsidiary, NSE Indices, on Friday launched a new strategy index — Nifty500 Equal Weight — which represents an alternative weighting strategy to its parent index, the Nifty 500. It includes the same companies as the Nifty 500, however, weighed equally, an NSE press release said. The base date for the index is … Read more
Mumbai: Financial planners have started recommending Motilal Oswal Mutual Fund’s Nifty 500 Index Fund to clients who want to keep their equity portfolio simple with fewer schemes. Nifty 500 finds favour as it covers 91% of India’s market capitalisation, compared to the Nifty 50, which is primarily large cap-oriented and covers just 50% market-cap. “Nifty … Read more
India’s stock market concluded the financial year 2023-24 on a buoyant note, with the Nifty jumping nearly 28.6%, making it one of the top-performing markets in the world. Agencies The index’s performance is also its second-best in the previous 10 years. Mid- and small-cap stocks were the top performers in the April-March period, while the … Read more
