NCDEX launches NDEX and FINNDEX to expand into equity benchmarks

NCDEX has launched two new equity benchmarks, NDEX and FINNDEX, to track the performance of Indian stocks. These indices will follow 20 large and liquid Indian stocks and 15 financial sector companies, respectively. The multi-factor methodology used to calculate the indices takes into account market capitalisation, trading activity, beta, and volatility, with a semiannual rebalancing process. This expansion into equity benchmarks is significant for markets, as it provides investors with additional tools to measure and compare the performance of Indian stocks.

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NCDEX has launched new equity benchmarks to track Indian stocks. This could increase investor interest and participation in the Indian equity market.

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