Mumbai: The Tata, Aditya Birla and Mahindra Groups have been selected by India Index Services & Products Ltd. (IISL), a subsidiary of India’s leading stock exchange NSE, in its endeavor to expand the suit of indices for the Indian capital market.
These indices are based on full market capitalisation method and will include all the companies of the resp-ective groups listed on NSE and will reflect the performance of the companies in these groups, it said.
The Nifty Tata Group Index consists of 25 companies across 12 sectors with a marketcap of about Rs 7,51,160 crores which is 7.83 per cent of the total market cap NSE companies. The Nifty Aditya Birla Group Index consists of 8 companies with a marketcap of about Rs 2.08 lakh crore. The Nifty Mahindra Index consists of seven companies with a marketcap of Rs 1.64 lakh crore.
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