INDIA: NSE Indices Launches Nifty Housing Index

Wednesday February 16 2022

On 15^th February 2022, the National Stock Exchange (NSE) index services subsidiary, NSE Indices announced that it had launched a new index – Nifty Housing index. 

The Nifty Housing index aims to track the performance of portfolio of stocks that broadly represent the housing theme within basic industries like cement and cement products, paints, housing finance, banks, home appliances and housewares etc. The largest 50 stocks forming part of the eligible basic industries are selected based on their 6-month average free-float market capitalization as on the cut-off dates at the end of January and July. Index stock weights are based on their free-float market capitalization. Sector weights are capped at 25% each and stock weights are capped at 10% each.  

The index is expected to act as a benchmark for asset managers and be a reference index tracked by passive funds in the form of Exchange Traded Funds (ETFs), index funds and structured products.  

 The base date for the index is April 01^st, 2005 and base value is 1000. Index reconstitution will be done on a semi-annual basis. 

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