NCDEX Launches New Equity Indices NDEX and FINNDEX
2 reports, 2 independent
Updated Oct 22
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What happened
NCDEX launched two new indices, NDEX and FINNDEX, to enter the equity and equity derivatives markets. NDEX tracks 20 large and liquid Indian equities selected from the top 60 NSE-listed companies, while FINNDEX covers 15 financial sector stocks, excluding insurance companies, drawn from the top 40 eligible companies. The indices are reviewed and rebalanced twice a year, in March and September.
Why it matters
This move allows NCDEX to diversify its offerings beyond agricultural commodities and become a broader market-infrastructure provider. The indices are designed to combine company size, trading activity, and a stock’s sensitivity to the market, with no single stock exceeding 15% at any rebalancing.
Who's involved
- Asset ManagementMay benefit from new service opportunities provided by NCDEX's expansion into equity markets.