December 2016 Current Affairs

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Nifty Launches New Index For Mid And Small Cap Stocks

Nifty Launches New Index For Mid And Small Cap Stocks
02 April 2016 Current Affairs: The National Stock Exchange (NSE) on April 1,2016, added a new index to its broad market indices  Nifty Mid Smallcap 400  to represent the mid and small market capitalisation segments.The new index will comprise of 400 companies which are the constituents of Nifty Midcap 150 and Nifty Smallcap 250 indices, said a statement issued by NSE group company India Index Services and Products Ltd. (IISL).The Nifty MidSmallcap 400 is a well-representative index consisting of 150 midcap and 250 smallcap stocks across 18 sectors, the statement said, quoting Mukesh Agarwal, chief executive of IISL.The new index joins the family of restructured broad-based Nifty indices, which will facilitate introduction of investment products.IISL will initially publish value of the Nifty MidSmallcap 400 at end of the day's trade and subsequently disseminate it online along with existing indices.Nifty MidSmallcap 400 index would be an appropriate benchmark for mutual fund schemes which predominantly invests in small-cap and mid-cap companies equity stocks," the statement said, quoting Navneet Munot, the Chief Information Officer of SBI Asset Management Company.


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



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