New Delhi:
The new Sectoral Index Nifty Chemicals Index has been launched by the National Stock Exchange (NSE) on Tuesday 11 March. According to the official statement of NSE, this index will track the performance of the shares of the chemical sector coming under the Nifty 500 Index. NSE said that this decision will be effective from April 3, 2025.
Chemical sector top 20 stocks will be included
The Nifty Chemicals Index will include the top 20 stocks of the chemical sector, which will be selected on the basis of their six-month free-flot market capitalization. In order, it has been said that chemical shares are trading in the derivative segment of NSE will be given priority in this index.
This new index will serve as a benchmark for assets managers and will possibly be tracked by Passive Investment Funds such as Exchange Traded Fund (ETF), index funds and structured products.
The base date for this index has been set on April 1, 2005, the base value of which is 1,000. In the financial index, the base date serves as an important point to track changes in index value over time.
NSE made this decision regarding the expiry of F&O contracts
Earlier, NSE has taken a big decision regarding the expiry of Future and O option (F&O Trading) contracts. Now the expiry of all NSE indexes including Nifty, Bank Nifty will be on the ‘last Monday of the month’.
Nifty’s week shifted to expiry on Monday
Apart from this, the weekly expiry of Nifty from NSE has been shifted from Thursday to Monday. Also, the exchange has shifted the Nifty quarter and half -yearly contracts from Thursday to Monday. Currently, the expiry of F&O contracts of all NSE index takes place on Thursday.
