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NSE launches Nifty EV & New Age Automotive Index
The National Stock Exchange (NSE) has launched India’s archetypal scale to way the show of companies that nutrient electrical vehicles and those based connected hybrid and hydrogen tech.
The caller Nifty EV & New Age Automotive scale includes companies progressive successful the accumulation and proviso of electrical oregon new-age automotive vehicles, batteries, components, earthy materials and technology. Stocks that are portion of the Nifty 500 scale are eligible to beryllium portion of this.
Currently, the Nifty EV & New Age Automotive scale includes 33 stocks, including Tata Motors, Maruti Suzuki, Mahindra, Bajaj Auto, Exide Industries, Bosch, Samvardhana Motherson International, Eicher Motors, CG Power and Industrial Solutions and Himadri Speciality Chemical. Companies similar Ola Technologies, Ather Energy and Hyundai Motor India could beryllium listed connected this scale successful the future.
The basal day for the scale volition beryllium April 2, 2018, and the basal worth is 1,000. The scale volition beryllium reconstituted semi-annually and rebalanced quarterly.
Source: Autocar India
