New MidSmallcap 400 Index Launched

NSE has launched a new Nifty MidSmallcap 400 index, which will represent the mid and small market capitalisation segments of the stock market.

India Index Services and Products, an NSE group company which manages the index, said in a press statement that the index will be added to the exchange’s family of broad market indices.

The Nifty MidSmallcap 400 is a well-representative index consisting of 150 midcap and 250 smallcap stocks across 18 sectors.

The new index joins the family of restructured broad based Nifty indices, which will facilitate introduction of investment products.

Mukesh Agarwal is the CEO of IISL.

IISL will initially publish value of the Nifty MidSmallcap 400 at end of the day and subsequently disseminate online along with existing indices