NSE Indices launches new electric vehicles index to spur EV ecosystem.

Economy Business

NSE Indices, the index services subsidiary of the National Stock Exchange of India (NSE), launched a new thematic index – Nifty EV & New Age Automotive index – on May 30, a media release said. The index aims to track the performance of companies which form a part of the electric vehicle (EV) ecosystem or are involved in the development of new age automotive vehicles or related technology, it added.


      The Mumbai-based NSE is one of the two main stock exchanges of India. The other major bourse is the BSE.

      The base date for the index is April 02, 2018, and the base value is 1000. The index will be reconstituted semi-annually and rebalanced on a quarterly basis.

     

 

     


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