NSE Indices launches 11 sectoral indices, raising total to 34
Business
NSE Indices, the team behind India's main stock market benchmarks, has rolled out 11 fresh sectoral indices: think Nifty Power, Nifty Hospitals, and Nifty Housing Finance.
This brings their total to 34 and is all about giving investors more ways to track and invest in specific parts of the market as passive investing keeps getting bigger in India.
New indices guide ETFs, index funds
These new indices make it easier to see how different sectors like health care and finance are really doing.
They'll act as guides for ETFs and index funds, letting asset managers (and curious investors) build more focused strategies around the industries they care about most.