Post on 09-Mar-2018
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Date: 16 February 2017
PRESS RELEASE
Replacements in Indices
The Index Maintenance Sub-Committee (IMSC) has decided to make the following
replacement of stocks in various indices as part of its periodic review. These changes
shall become effective from March 31, 2017 (close of March 30, 2017).
1) NIFTY 50 Index
The following companies are being excluded:
Sr.
No. Company Name Symbol
1 Bharat Heavy Electricals Ltd. BHEL
2 Idea Cellular Ltd. IDEA
The following companies are being included:
Sr.
No. Company Name Symbol
1 Indiabulls Housing Finance Ltd. IBULHSGFIN
2 Indian Oil Corporation Ltd. IOC
2) NIFTY 500 Index
The following companies are being excluded:
Sr.
No. Company Name Symbol
1 Alok Industries Ltd. ALOKTEXT
2 Bombay Rayon Fashions Ltd. BRFL
3 Brigade Enterprises Ltd. BRIGADE
4 Dynamatic Technologies Ltd. DYNAMATECH
5 Future Lifestyle Fashions Ltd. FLFL
6 Ingersoll Rand (India) Ltd. INGERRAND
7 International Paper APPM Ltd. IPAPPM
8 Jaiprakash Power Ventures Ltd. JPPOWER
9 Jaypee Infratech Ltd. JPINFRATEC
10 JSW Holdings Ltd. JSWHL
11 KSB Pumps Ltd. KSBPUMPS
12 La Opala RG Ltd. LAOPALA
13 Lanco Infratech Ltd. LITL
14 Linde India Ltd. LINDEINDIA
2
15 Mahindra Lifespace Developers Ltd. MAHLIFE
16 Mayur Uniquoters Ltd. MAYURUNIQ
17 Sequent Scientific Ltd. SEQUENT
18 Shoppers Stop Ltd. SHOPERSTOP
19 Simplex Infrastructures Ltd. SIMPLEXINF
20 Sintex Industries Ltd. SINTEX
21 Siti Networks Ltd. SITINET
22 State Bank of Bikaner & Jaipur Ltd. SBBJ
23 State Bank of Mysore MYSOREBANK
24 State Bank of Travancore SBT
25 Suprajit Engineering Ltd. SUPRAJIT
The following companies are being included:
Sr.
No. Company Name Symbol
1 Dilip Buildcon Ltd. DBL
2 Endurance Technologies Ltd. ENDURANCE
3 Federal-Mogul Goetze (India) Ltd. FMGOETZE
4 Future Retail Ltd. FRETAIL
5 GHCL Ltd. GHCL
6 Gujarat Narmada Valley Fertilizers and Chemicals Ltd. GNFC
7 Gujarat Alkalies & Chemicals Ltd. GUJALKALI
8 ICICI Prudential Life Insurance Company Ltd. ICICIPRULI
9 KNR Constructions Ltd. KNRCON
10 Larsen & Toubro Infotech Ltd. LTI
11 L&T Technology Services Ltd. LTTS
12 Max India Ltd. MAXINDIA
13 Mahanagar Gas Ltd. MGL
14 Minda Corporation Ltd. MINDACORP
15 Minda Industries Ltd. MINDAIND
16 Navneet Education Ltd. NAVNETEDUL
17 Nava Bharat Ventures Ltd. NBVENTURES
18 Parag Milk Foods Ltd. PARAGMILK
19 Quess Corp Ltd. QUESS
20 Ratnamani Metals & Tubes Ltd. RATNAMANI
21 Shilpi Cable Tech Ltd. SHILPI
22 Sterlite Technologies Ltd. STRTECH
23 Sudarshan Chemical Industries Ltd. SUDARSCHEM
24 Tata Investment Corporation Ltd. TATAINVEST
25 Thyrocare Technologies Ltd. THYROCARE
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3) NIFTY 100
The following companies are being excluded:
Sr.
No. Company Name Symbol
1 Apollo Hospitals Enterprises Ltd. APOLLOHOSP
2 Bharat Forge Ltd. BHARATFORG
3 Castrol India Ltd. CASTROLIND
The following companies are being included:
Sr.
No. Company Name Symbol
1 ICICI Prudential Life Insurance Company Ltd. ICICIPRULI
2 Petronet LNG Ltd. PETRONET
3 Rural Electrification Corporation Ltd. RECLTD
The above replacements will also be applicable to NIFTY100 Equal Weight Index.
4) NIFTY Midcap 150
The following companies are being excluded:
Sr.
No. Company Name Symbol
1 Inox Wind Ltd. INOXWIND
2 Jet Airways (India) Ltd. JETAIRWAYS
3 Justdial Ltd. JUSTDIAL
4 Network18 Media & Investments Ltd. NETWORK18
5 Persistent Systems Ltd. PERSISTENT
6 Petronet LNG Ltd. PETRONET
7 Rural Electrification Corporation Ltd. RECLTD
8 Sadbhav Engineering Ltd. SADBHAV
9 Tata Elxsi Ltd. TATAELXSI
The following companies are being included:
Sr.
No. Company Name Symbol
1 Apollo Hospitals Enterprises Ltd. APOLLOHOSP
2 Bharat Forge Ltd. BHARATFORG
3 Castrol India Ltd. CASTROLIND
4 Endurance Technologies Ltd. ENDURANCE
5 Larsen & Toubro Infotech Ltd. LTI
6 L&T Technology Services Ltd. LTTS
4
7 Manappuram Finance Ltd. MANAPPURAM
8 Motilal Oswal Financial Services Ltd. MOTILALOFS
9 Quess Corp Ltd. QUESS
5) NIFTY Smallcap 250
The following companies are being excluded:
Sr.
No. Company Name Symbol
1 Alok Industries Ltd. ALOKTEXT
2 Bombay Rayon Fashions Ltd. BRFL
3 Brigade Enterprises Ltd. BRIGADE
4 Dynamatic Technologies Ltd. DYNAMATECH
5 Future Lifestyle Fashions Ltd. FLFL
6 Ingersoll Rand (India) Ltd. INGERRAND
7 International Paper APPM Ltd. IPAPPM
8 Jaiprakash Power Ventures Ltd. JPPOWER
9 Jaypee Infratech Ltd. JPINFRATEC
10 JSW Holdings Ltd. JSWHL
11 KSB Pumps Ltd. KSBPUMPS
12 La Opala RG Ltd. LAOPALA
13 Lanco Infratech Ltd. LITL
14 Linde India Ltd. LINDEINDIA
15 Mahindra Lifespace Developers Ltd. MAHLIFE
16 Manappuram Finance Ltd. MANAPPURAM
17 Mayur Uniquoters Ltd. MAYURUNIQ
18 Motilal Oswal Financial Services Ltd. MOTILALOFS
19 Sequent Scientific Ltd. SEQUENT
20 Shoppers Stop Ltd. SHOPERSTOP
21 Simplex Infrastructures Ltd. SIMPLEXINF
22 Sintex Industries Ltd. SINTEX
23 Siti Networks Ltd. SITINET
24 State Bank of Bikaner & Jaipur Ltd. SBBJ
25 State Bank of Mysore MYSOREBANK
26 State Bank of Travancore SBT
27 Suprajit Engineering Ltd. SUPRAJIT
The following companies are being included:
Sr.
No. Company Name Symbol
1 Dilip Buildcon Ltd. DBL
2 Federal-Mogul Goetze (India) Ltd. FMGOETZE
3 Future Retail Ltd. FRETAIL
4 GHCL Ltd. GHCL
5
5 Gujarat Narmada Valley Fertilizers and Chemicals Ltd. GNFC
6 Gujarat Alkalies & Chemicals Ltd. GUJALKALI
7 Inox Wind Ltd. INOXWIND
8 Jet Airways (India) Ltd. JETAIRWAYS
9 Justdial Ltd. JUSTDIAL
10 KNR Constructions Ltd. KNRCON
11 Max India Ltd. MAXINDIA
12 Mahanagar Gas Ltd. MGL
13 Minda Corporation Ltd. MINDACORP
14 Minda Industries Ltd. MINDAIND
15 Navneet Education Ltd. NAVNETEDUL
16 Nava Bharat Ventures Ltd. NBVENTURES
17 Network18 Media & Investments Ltd. NETWORK18
18 Parag Milk Foods Ltd. PARAGMILK
19 Persistent Systems Ltd. PERSISTENT
20 Ratnamani Metals & Tubes Ltd. RATNAMANI
21 Sadbhav Engineering Ltd. SADBHAV
22 Shilpi Cable Tech Ltd. SHILPI
23 Sterlite Technologies Ltd. STRTECH
24 Sudarshan Chemical Industries Ltd. SUDARSCHEM
25 Tata Elxsi Ltd. TATAELXSI
26 Tata Investment Corporation Ltd. TATAINVEST
27 Thyrocare Technologies Ltd. THYROCARE
6) NIFTY MidSmallcap 400
The following companies are being excluded:
Sr.
No. Company Name Symbol
1 Alok Industries Ltd. ALOKTEXT
2 Bombay Rayon Fashions Ltd. BRFL
3 Brigade Enterprises Ltd. BRIGADE
4 Dynamatic Technologies Ltd. DYNAMATECH
5 Future Lifestyle Fashions Ltd. FLFL
6 Havells India Ltd. HAVELLS
7 Ingersoll Rand (India) Ltd. INGERRAND
8 International Paper APPM Ltd. IPAPPM
9 Jaiprakash Power Ventures Ltd. JPPOWER
10 Jaypee Infratech Ltd. JPINFRATEC
11 JSW Holdings Ltd. JSWHL
12 KSB Pumps Ltd. KSBPUMPS
13 La Opala RG Ltd. LAOPALA
14 Lanco Infratech Ltd. LITL
15 Linde India Ltd. LINDEINDIA
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16 Mahindra Lifespace Developers Ltd. MAHLIFE
17 Mayur Uniquoters Ltd. MAYURUNIQ
18 Petronet LNG Ltd. PETRONET
19 Rural Electrification Corporation Ltd. RECLTD
20 Sequent Scientific Ltd. SEQUENT
21 Shoppers Stop Ltd. SHOPERSTOP
22 Simplex Infrastructures Ltd. SIMPLEXINF
23 Sintex Industries Ltd. SINTEX
24 Siti Networks Ltd. SITINET
25 State Bank of Bikaner & Jaipur Ltd. SBBJ
26 State Bank of Mysore MYSOREBANK
27 State Bank of Travancore SBT
28 Suprajit Engineering Ltd. SUPRAJIT
The following companies are being included:
Sr.
No. Company Name Symbol
1 Apollo Hospitals Enterprises Ltd. APOLLOHOSP
2 Bharat Forge Ltd. BHARATFORG
3 Castrol India Ltd. CASTROLIND
4 Crompton Greaves Consumer Electricals Ltd. CROMPTON
5 Dilip Buildcon Ltd. DBL
6 Endurance Technologies Ltd. ENDURANCE
7 Federal-Mogul Goetze (India) Ltd. FMGOETZE
8 Future Retail Ltd. FRETAIL
9 GHCL Ltd. GHCL
10 Gujarat Narmada Valley Fertilizers and Chemicals Ltd. GNFC
11 Gujarat Alkalies & Chemicals Ltd. GUJALKALI
12 KNR Constructions Ltd. KNRCON
13 Larsen & Toubro Infotech Ltd. LTI
14 L&T Technology Services Ltd. LTTS
15 Max India Ltd. MAXINDIA
16 Mahanagar Gas Ltd. MGL
17 Minda Corporation Ltd. MINDACORP
18 Minda Industries Ltd. MINDAIND
19 Navneet Education Ltd. NAVNETEDUL
20 Nava Bharat Ventures Ltd. NBVENTURES
21 Parag Milk Foods Ltd. PARAGMILK
22 Quess Corp Ltd. QUESS
23 Ratnamani Metals & Tubes Ltd. RATNAMANI
24 Shilpi Cable Tech Ltd. SHILPI
25 Sterlite Technologies Ltd. STRTECH
26 Sudarshan Chemical Industries Ltd. SUDARSCHEM
27 Tata Investment Corporation Ltd. TATAINVEST
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28 Thyrocare Technologies Ltd. THYROCARE
7) NIFTY Next 50
The following companies are being excluded:
Sr.
No. Company Name Symbol
1 Apollo Hospitals Enterprises Ltd. APOLLOHOSP
2 Bharat Forge Ltd. BHARATFORG
3 Castrol India Ltd. CASTROLIND
4 Indiabulls Housing Finance Ltd. IBULHSGFIN
5 Indian Oil Corporation Ltd. IOC
The following companies are being included:
Sr.
No. Company Name Symbol
1 Bharat Heavy Electricals Ltd. BHEL
2 ICICI Prudential Life Insurance Company Ltd. ICICIPRULI
3 Idea Cellular Ltd. IDEA
4 Petronet LNG Ltd. PETRONET
5 Rural Electrification Corporation Ltd. RECLTD
8) NIFTY Midcap 50
The following companies are being excluded:
Sr.
No. Company Name Symbol
1 Hexaware Technologies Ltd. HEXAWARE
2 Petronet LNG Ltd. PETRONET
3 Rural Electrification Corporation Ltd. RECLTD
The following companies are being included:
Sr.
No. Company Name Symbol
1 Apollo Hospitals Enterprises Ltd. APOLLOHOSP
2 Bharat Forge Ltd. BHARATFORG
3 Castrol India Ltd. CASTROLIND
8
9) NIFTY Full Midcap 100
The following companies are being excluded:
Sr.
No. Company Name Symbol
1 Gujarat Fluorochemicals Ltd. GUJFLUORO
2 Indian Overseas Bank IOB
3 Inox Wind Ltd. INOXWIND
4 Jet Airways (India) Ltd. JETAIRWAYS
5 Justdial Ltd. JUSTDIAL
6 Persistent Systems Ltd. PERSISTENT
7 Petronet LNG Ltd. PETRONET
8 Pfizer Ltd. PFIZER
9 Rural Electrification Corporation Ltd. RECLTD
10 Tata Elxsi Ltd. TATAELXSI
The following companies are being included:
Sr.
No. Company Name Symbol
1 Apollo Hospitals Enterprises Ltd. APOLLOHOSP
2 Bharat Forge Ltd. BHARATFORG
3 Castrol India Ltd. CASTROLIND
4 Dalmia Bharat Ltd. DALMIABHA
5 Dr. Lal Path Labs Ltd. LALPATHLAB
6 Edelweiss Financial Services Ltd. EDELWEISS
7 Endurance Technologies Ltd. ENDURANCE
8 L&T Technology Services Ltd. LTTS
9 Manappuram Finance Ltd. MANAPPURAM
10 Quess Corp Ltd. QUESS
10) NIFTY 200
The following companies are being excluded:
Sr.
No. Company Name Symbol
1 Gujarat Fluorochemicals Ltd. GUJFLUORO
2 Indian Overseas Bank IOB
3 Inox Wind Ltd. INOXWIND
4 Jet Airways (India) Ltd. JETAIRWAYS
5 Justdial Ltd. JUSTDIAL
6 Persistent Systems Ltd. PERSISTENT
7 Pfizer Ltd. PFIZER
8 Tata Elxsi Ltd. TATAELXSI
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The following companies are being included:
Sr.
No. Company Name Symbol
1 Dalmia Bharat Ltd. DALMIABHA
2 Edelweiss Financial Services Ltd. EDELWEISS
3 Endurance Technologies Ltd. ENDURANCE
5 Dr. Lal Path Labs Ltd. LALPATHLAB
4 ICICI Prudential Life Insurance Company Ltd. ICICIPRULI
6 L&T Technology Services Ltd. LTTS
7 Manappuram Finance Ltd. MANAPPURAM
8 Quess Corp Ltd. QUESS
11) NIFTY Smallcap 50
The following companies are being excluded:
Sr.
No. Company Name Symbol
1 AstraZenca Pharma India Ltd. ASTRAZEN
2 Granules India Ltd. GRANULES
3 KPIT Technologies Ltd. KPIT
4 Manappuram Finance Ltd. MANAPPURAM
5 NIIT Technologies Ltd. NIITTECH
6 Sintex Industries Ltd. SINTEX
7 State Bank of Bikaner & Jaipur Ltd. SBBJ
8 State Bank of Travancore SBT
9 Suven Life Sciences Ltd. SUVEN
10 Texmaco Rail & Eng. Ltd. TEXRAIL
The following companies are being included:
Sr.
No. Company Name Symbol
1 Advanced Enzyme Tech Ltd. ADVENZYMES
2 Can Fin Homes Ltd. CANFINHOME
3 Escorts Ltd. ESCORTS
4 Jet Airways (India) Ltd. JETAIRWAYS
5 Mahanagar Gas Ltd. MGL
6 MMTC Ltd. MMTC
7 MOIL Ltd. MOIL
8 Tata Elxsi Ltd. TATAELXSI
9 Ujjivan Financial Services Ltd. UJJIVAN
10 V-Guard Industries Ltd. VGUARD
10
12) NIFTY Full Smallcap 100
The following companies are being excluded:
Sr.
No. Company Name Symbol
1 AstraZenca Pharma India Ltd. ASTRAZEN
2 BF Utilities Ltd. BFUTILITIE
3 Himachal Fut Com Ltd. HFCL
4 Intellect Design Arena Ltd. INTELLECT
5 Kitex Garments Ltd. KITEX
6 Mahindra Lifespace Developers Ltd. MAHLIFE
7 Manappuram Finance Ltd. MANAPPURAM
8 Marksans Pharma Ltd. MARKSANS
9 McLeod Russel India Ltd. MCLEODRUSS
10 PTC India Fin Serv Ltd. PFS
11 Sintex Industries Ltd. SINTEX
12 State Bank of Bikaner & Jaipur Ltd. SBBJ
13 State Bank of Mysore MYSOREBANK
14 State Bank of Travancore SBT
15 Welspun Corp Ltd. WELCORP
The following companies are being included:
Sr.
No. Company Name Symbol
1 Advanced Enzyme Tech Ltd. ADVENZYMES
2 Can Fin Homes Ltd. CANFINHOME
3 Dilip Buildcon Ltd. DBL
4 GHCL Ltd. GHCL
5 Gujarat Narmada Valley Fertilizers and Chemicals Ltd. GNFC
6 Hindustan Construction Co. Ltd. HCC
7 Jet Airways (India) Ltd. JETAIRWAYS
8 Justdial Ltd. JUSTDIAL
9 Mahanagar Gas Ltd. MGL
10 MMTC Ltd. MMTC
11 MOIL Ltd. MOIL
12 Swan Energy Ltd. SWANENERGY
13 Tata Elxsi Ltd. TATAELXSI
14 Trident Ltd. TRIDENT
15 Ujjivan Financial Services Ltd. UJJIVAN
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13) NIFTY Free float Midcap 100
The following companies are being excluded:
Sr.
No. Company Name Symbol
1 Adani Enterprises Ltd. ADANIENT
2 Housing Development and Infrastructure Ltd. HDIL
3 Justdial Ltd. JUSTDIAL
4 Piramal Enterprises Ltd. PEL
5 Sintex Industries Ltd. SINTEX
The following companies are being included:
Sr.
No. Company Name Symbol
1 Indiabulls Real Estate Ltd. IBREALEST
2 ICICI Prudential Life Insurance Company Ltd. ICICIPRULI
3 IDFC Bank Ltd. IDFCBANK
4 India Cements Ltd. INDIACEM
5 RBL Bank Ltd. RBLBANK
14) NIFTY Free float Smallcap 100
The following companies are being excluded:
Sr.
No. Company Name Symbol
1 Alkem Laboratories Ltd. ALKEM
2 Corporation Bank CORPBANK
3 Den Networks Ltd. DEN
4 Eros Intl Media Ltd. EROSMEDIA
5 Escorts Ltd. ESCORTS
6 GHCL Ltd. GHCL
7 GVK Power & Infrastructures Ltd. GVKPIL
8 Indiabulls Real Estate Ltd. IBREALEST
9 Lakshmi Vilas Bank Ltd. LAKSHVILAS
10 NBCC (India) Ltd. NBCC
11 Punj Lloyd Ltd. PUNJLLOYD
12 Rolta India Ltd. ROLTA
13 Shoppers Stop Ltd. SHOPERSTOP
14 Shree Renuka Sugars Ltd. RENUKA
15 State Bank of Bikaner & Jaipur Ltd. SBBJ
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The following companies are being included:
Sr.
No. Company Name Symbol
1 Adani Enterprises Ltd. ADANIENT
2 Advanced Enzyme Tech Ltd. ADVENZYMES
3 Aegis Logistics Ltd. AEGISCHEM
4 Bombay Burmah Trading Corporation Ltd. BBTC
5 Endurance Technologies Ltd. ENDURANCE
6 Housing Development and Infrastructure Ltd. HDIL
7 Hexaware Technologies Ltd. HEXAWARE
8 Infibeam Incorporation Ltd. INFIBEAM
9 Justdial Ltd. JUSTDIAL
10 KPIT Technologies Ltd. KPIT
11 Mahanagar Gas Ltd. MGL
12 NIIT Technologies Ltd. NIITTECH
13 Sterlite Technologies Ltd. STRTECH
14 V-Guard Industries Ltd. VGUARD
15 Welspun India Ltd. WELSPUNIND
15) NIFTY Bank
The following company is being excluded:
Sr.
No. Company Name Symbol
1 Bank of India BANKINDIA
The following company is being included:
Sr.
No. Company Name Symbol
1 IDFC Bank Ltd. IDFCBANK
16) NIFTY Media
The following company is being excluded:
Sr.
No. Company Name Symbol
1 Siti Networks Ltd. SITINET
The following company is being included:
Sr.
No. Company Name Symbol
1 Navneet Education Ltd. NAVNETEDUL
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17) NIFTY Metal
The following company is being excluded:
Sr.
No. Company Name Symbol
1 Bhushan Steel Ltd. BHUSANSTL
The following company is being included:
Sr.
No. Company Name Symbol
1 Ratnamani Metals & Tubes Ltd. RATNAMANI
18) NIFTY Private Bank
It has been decided to revise the stock selection criteria of NIFTY Private Bank index.
At the time of final selection of 10 companies in NIFTY Private Bank index, a
preference shall be given to companies that are available for trading in NSE’s Futures
& Options segment.
The following companies are being excluded:
Sr.
No. Company Name Symbol
1 City Union Bank Ltd. CUB
2 Karur Vysya Bank Ltd. KARURVYSYA
The following companies are being included:
Sr.
No. Company Name Symbol
1 Karnataka Bank Ltd. KTKBANK
2 South Indian Bank Ltd. SOUTHBANK
19) NIFTY Commodities
The following company is being excluded:
Sr.
No. Company Name Symbol
1 Jindal Steel & Power Ltd. JINDALSTEL
The following company is being included:
Sr.
No. Company Name Symbol
1 PI Industries Ltd. PIIND
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20) NIFTY100 Liquid 15
The following companies are being excluded:
Sr.
No. Company Name Symbol
1 Lupin Ltd. LUPIN
2 Tata Motors Ltd. TATAMOTORS
The following companies are being included:
Sr.
No. Company Name Symbol
1 Indian Oil Corporation Ltd. IOC
2 Vedanta Ltd. VEDL
21) NIFTY Midcap Liquid 15
The following companies are being excluded:
Sr.
No. Company Name Symbol
1 Havells India Ltd. HAVELLS
2 Petronet LNG Ltd. PETRONET
3 Reliance Power Ltd. RPOWER
4 Rural Electrification Corporation Ltd. RECLTD
The following companies are being included:
Sr.
No. Company Name Symbol
1 Bharat Forge Ltd. BHARATFORG
2 Castrol India Ltd. CASTROLIND
3 MRF Ltd. MRF
4 Tata Chemicals Ltd. TATACHEM
22) NIFTY100 Low Volatility 30 Index
The following company is being excluded:
Sr.
No. Company Name Symbol
1 Divi's Laboratories Ltd. DIVISLAB
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The following company is being included:
Sr.
No. Company Name Symbol
1 Infosys Ltd. INFY
23) NIFTY Growth Sectors 15 Index
The following companies are being excluded:
Sr.
No. Company Name Symbol
1 Asian Paints Ltd. ASIANPAINT
2 HCL Technologies Ltd. HCLTECH
3 Infosys Ltd. INFY
4 Tata Consultancy Services Ltd. TCS
5 Wipro Ltd. WIPRO
The following companies are being included:
Sr.
No. Company Name Symbol
1 Britannia Industries Ltd. BRITANNIA
2 Godrej Consumer Products Ltd. GODREJCP
3 Mahindra & Mahindra Ltd. M&M
4 Marico Ltd. MARICO
5 Zee Entertainment Enterprises Ltd. ZEEL
For more details, contact:
Divya Malik Lahiri | Head – Corporate Communication
dlahiri@nse.co.in, cc@nse.co.in
Mobile: +91– 98110 51234
Twitter: @NSEIndia
www.nseindia.com
About The National Stock Exchange of India (NSE):
The National Stock Exchange (NSE) is the leading stock exchange in India and the
fourth largest in the world by equity trading volume in 2015, according to World
Federation of Exchanges (WFE). NSE was the first exchange in India to implement
electronic or screen-based trading. It began operations in 1994 and is ranked as the
largest stock exchange in India in terms of total and average daily turnover for equity
shares every year since 1995, based on SEBI data.
NSE has a fully-integrated business model comprising our exchange listings, trading
services, clearing and settlement services, indices, market data feeds, technology
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solutions and financial education offerings. NSE also oversees compliance by trading
and clearing members with the rules and regulations of the exchange.
NSE is a pioneer in technology and ensures the reliability and performance of its
systems through a culture of innovation and investment in technology. NSE believes
that the scale and breadth of its products and services, sustained leadership positions
across multiple asset classes in India and globally enable it to be highly reactive to
market demands and changes and deliver innovation in both trading and non-trading
businesses to provide high-quality data and services to market participants and clients.
About India Index Services & Products Ltd. (IISL):
India Index Services & Products Ltd. (IISL), an NSE group company, was setup in May
1998 to provide a variety of indices and index related services for the capital markets.
IISL is India's specialised company focused upon the index as a core product. IISL
maintains more than 100 equity indices comprising broad-based benchmark indices,
sectoral indices, strategy indices, thematic indices and customised indices. IISL also
maintains fixed income indices based on Government of India bonds. Many investment
products based on IISL indices have been developed in the recent past, within India and
abroad. These include index based derivatives traded on NSE, Singapore Exchange Ltd.
(SGX), Chicago Mercantile Exchange Inc. (CME), Osaka Exchange Inc. (OSE), Taiwan
Futures Exchange (TAIFEX) and a number of index funds and exchange traded funds.
The flagship 'NIFTY 50' index is widely tracked and traded as the benchmark for Indian
Capital Markets.