Revision in criteria and replacements in indices - NSE

PRESS RELEASE

Mumbai, February 24, 2022

Revision in criteria and replacements in indices

The Index Maintenance Sub-Committee - Equity (IMSC) of NSE Indices Limited has decided to make

the changes in eligibility criteria of NIFTY equity indices and replacement of stocks in various indices

as part of its periodic review as listed hereunder. These changes shall become effective from March

31, 2022 (close of March 30, 2022).

A. Revision in the eligibility criteria for inclusion of stocks in NIFTY equity indices:

Criteria Existing Criteria Proposed Criteria

Minimum listing

history requirement

in case of new listing

and companies

traded subsequent to

scheme of

arrangement for

corporate events

Constituents should have a

minimum listing history of 3

months.

A company which has undergone

a scheme of arrangement for

corporate event such as spin-off,

capital restructuring etc. is

considered eligible for inclusion

in the index if company has

completed three calendar months

of trading after the stock has

traded on ex. basis subject to

fulfilment of all eligibility

criteria for inclusion in the index.

Constituents should have a

minimum listing history of 1

calendar month as on the cut-off

date.

A company which has undergone

a scheme of arrangement for

corporate event such as spin-off,

capital restructuring etc. is

considered eligible for inclusion

in the index if company has

completed one calendar month of

trading as on the cut-off date after

the stock has traded on ex. basis

subject to fulfilment of all

eligibility criteria for inclusion in

the index.

The change in eligibility criteria would be applicable with an immediate effect to all NIFTY equity

indices which currently mandates requirement of minimum of 3 months of listing for inclusion in the

index.

B. Replacements in indices:

1) NIFTY 50

The following company is being excluded:

Sr. No. Company Name Symbol

1 Indian Oil Corporation Ltd. IOC

The following company is being included:


1 Apollo Hospitals Enterprise Ltd. APOLLOHOSP

The above replacement will also be applicable to NIFTY50 Equal Weight index.

2) NIFTY Next 50

The following companies are being excluded:


1 Apollo Hospitals Enterprise Ltd. APOLLOHOSP

2 Aurobindo Pharma Ltd. AUROPHARMA

3 Hindustan Petroleum Corporation Ltd. HINDPETRO

4 Indraprastha Gas Ltd. IGL

5 Jindal Steel & Power Ltd. JINDALSTEL

6 Yes Bank Ltd. YESBANK

The following companies are being included:


1 FSN E-Commerce Ventures Ltd. NYKAA


3 MindTree Ltd. MINDTREE

4 One 97 Communications Ltd. PAYTM

5 SRF Ltd. SRF

6 Zomato Ltd. ZOMATO

3) NIFTY 500



1 Alembic Ltd. ALEMBICLTD

2 Ashoka Buildcon Ltd. ASHOKA

3 Bajaj Consumer Care Ltd. BAJAJCON

4 Bharat Rasayan Ltd. BHARATRAS

5 Capri Global Capital Ltd. CGCL

6 DCB Bank Ltd. DCBBANK

7 Dhanuka Agritech Ltd. DHANUKA

8 Future Retail Ltd. FRETAIL

9 Gillette India Ltd. GILLETTE

10 Greaves Cotton Ltd. GREAVESCOT

11 HeidelbergCement India Ltd. HEIDELBERG

12 Ingersoll Rand (India) Ltd. INGERRAND

13 IOL Chem and Pharma Ltd. IOLCP

14 Jindal Saw Ltd. JINDALSAW

15 JK Tyre & Industries Ltd. JKTYRE

16 Johnson Controls - Hitachi Air Conditioning India

Ltd. JCHAC

17 Kaveri Seed Company Ltd. KSCL

18 KSB Ltd. KSB

19 La Opala RG Ltd. LAOPALA

20 Lemon Tree Hotels Ltd. LEMONTREE

21 Minda Corporation Ltd. MINDACORP

22 Mishra Dhatu Nigam Ltd. MIDHANI

23 National Fertilizers Ltd. NFL

24 Nilkamal Ltd. NILKAMAL

25 Schneider Electric Infrastructure Ltd. SCHNEIDER

26 Sharda Cropchem Ltd. SHARDACROP

27 Spandana Sphoorty Financial Ltd. SPANDANA

28 Star Cement Ltd. STARCEMENT

29 Tasty Bite Eatables Ltd. TASTYBITE

30 Ujjivan Financial Services Ltd. UJJIVAN

31 Ujjivan Small Finance Bank Ltd. UJJIVANSFB

32 Valiant Organics Ltd. VALIANTORG



1 Aditya Birla Sun Life AMC Ltd. ABSLAMC

2 Allcargo Logistics Ltd. ALLCARGO

3 Aptus Value Housing Finance India Ltd. APTUS

4 Borosil Renewables Ltd. BORORENEW

5 Brightcom Group Ltd. BCG

6 C.E. Info Systems Ltd. MAPMYINDIA

7 Chemplast Sanmar Ltd. CHEMPLASTS

8 Clean Science and Technology Ltd. CLEAN

9 Devyani International Ltd. DEVYANI

10 Easy Trip Planners Ltd. EASEMYTRIP


12 G R Infraprojects Ltd. GRINFRA

13 Glenmark Life Sciences Ltd. GLS

14 Go Fashion (India) Ltd. GOCOLORS

15 HLE Glascoat Ltd. HLEGLAS

16 Krishna Institute of Medical Sciences Ltd. KIMS

17 Latent View Analytics Ltd. LATENTVIEW

18 Medplus Health Services Ltd. MEDPLUS

19 Metro Brands Ltd. METROBRAND

20 Nuvoco Vistas Corporation Ltd. NUVOCO


22 PB Fintech Ltd. POLICYBZR

23 Privi Speciality Chemicals Ltd. PRIVISCL

24 RattanIndia Enterprises Ltd. RTNINDIA

25 Sapphire Foods India Ltd. SAPPHIRE

26 Saregama India Ltd SAREGAMA

27 Shree Renuka Sugars Ltd. RENUKA

28 Shyam Metalics and Energy Ltd. SHYAMMETL

29 Star Health and Allied Insurance Company Ltd. STARHEALTH

30 Tata Investment Corporation Ltd. TATAINVEST

31 Vijaya Diagnostic Centre Ltd. VIJAYA


The above replacements will also be applicable to NIFTY500 Multicap 50:25:25 index.

4) NIFTY 100













4 SRF Ltd. SRF


The above replacements will also be applicable to NIFTY100 Equal Weight index.

5) NIFTY Midcap 150



1 Amara Raja Batteries Ltd. AMARAJABAT

2 Castrol India Ltd. CASTROLIND

3 Cholamandalam Financial Holdings Ltd. CHOLAHLDNG

4 City Union Bank Ltd. CUB

5 Dhani Services Ltd. DHANI


7 Hindustan Copper Ltd. HINDCOPPER

8 ITI Ltd. ITI

9 Mahanagar Gas Ltd. MGL


11 Motilal Oswal Financial Services Ltd. MOTILALOFS

12 RBL Bank Ltd. RBLBANK


13 SRF Ltd. SRF

14 Suven Pharmaceuticals Ltd. SUVENPHAR

15 TTK Prestige Ltd. TTKPRESTIG

16 Vaibhav Global Ltd. VAIBHAVGBL

17 Zydus Wellness Ltd. ZYDUSWELL




2 CG Power and Industrial Solutions Ltd. CGPOWER


4 Grindwell Norton Ltd. GRINDWELL

5 Gujarat Fluorochemicals Ltd. FLUOROCHEM

6 Happiest Minds Technologies Ltd. HAPPSTMNDS


8 IDBI Bank Ltd. IDBI

9 Indian Energy Exchange Ltd. IEX






15 Tata Teleservices (Maharashtra) Ltd. TTML

16 Trident Ltd. TRIDENT


6) NIFTY Smallcap 250

























Ltd. JCHAC


23 KSB Ltd. KSB






































20 ITI Ltd. ITI





















7) NIFTY Midcap Select



1 Federal Bank Ltd. FEDERALBNK

2 Gujarat Gas Ltd. GUJGASLTD

3 LIC Housing Finance Ltd. LICHSGFIN

4 Mahindra & Mahindra Financial Services Ltd. M&MFIN

5 Max Financial Services Ltd. MFSL

6 Petronet LNG Ltd. PETRONET

7 REC Ltd. RECLTD

8 SRF Ltd. SRF

9 The Ramco Cements Ltd. RAMCOCEM



1 Aarti Industries Ltd. AARTIIND

2 Astral Ltd. ASTRAL



5 Indian Railway Catering And Tourism

Corporation Ltd. IRCTC

6 L&T Technology Services Ltd. LTTS

7 Laurus Labs Ltd. LAURUSLABS

8 MphasiS Ltd. MPHASIS

9 Persistent Systems Ltd. PERSISTENT

8) NIFTY Midcap 50



1 Apollo Tyres Ltd. APOLLOTYRE

2 Bank of India BANKINDIA

3 Exide Industries Ltd. EXIDEIND

4 Glenmark Pharmaceuticals Ltd. GLENMARK

5 Manappuram Finance Ltd. MANAPPURAM


7 SRF Ltd. SRF



1 ABB India Ltd. ABB

2 Abbott India Ltd. ABBOTINDIA




6 Oracle Financial Services Software Ltd. OFSS

7 Tata Communications Ltd. TATACOMM

9) NIFTY Midcap 100



1 Ajanta Pharmaceuticals Ltd. AJANTPHARM





6 Endurance Technologies Ltd. ENDURANCE

7 Godrej Industries Ltd. GODREJIND


9 Indian Railway Finance Corporation Ltd. IRFC




12 NATCO Pharma Ltd. NATCOPHARM

13 Pfizer Ltd. PFIZER


15 Sanofi India Ltd. SANOFI

16 SRF Ltd. SRF












10 Max Healthcare Institute Ltd. MAXHEALTH

11 Metropolis Healthcare Ltd. METROPOLIS









1 Aarti Drugs Ltd. AARTIDRUGS

2 Avanti Feeds Ltd. AVANTIFEED

3 Ceat Ltd. CEATLTD

4 GMM Pfaudler Ltd. GMMPFAUDLR





8 MMTC Ltd. MMTC

9 Rail Vikas Nigam Ltd. RVNL

10 Rallis India Ltd. RALLIS

11 Strides Pharma Science Ltd. STAR

12 TV18 Broadcast Ltd. TV18BRDCST

13 Wockhardt Ltd. WOCKPHARMA




2 Angel One Ltd. ANGELONE



5 HFCL Ltd. HFCL


7 KPIT Technologies Ltd. KPITTECH


9 Laxmi Organic Industries Ltd. LXCHEM



12 Poonawalla Fincorp Ltd. POONAWALLA





1 Aarti Drugs Ltd. AARTIDRUGS

2 AstraZenca Pharma India Ltd. ASTRAZEN

3 Ceat Ltd. CEATLTD

4 Cochin Shipyard Ltd. COCHINSHIP

5 CSB Bank Ltd. CSBBANK

6 Engineers India Ltd. ENGINERSIN


7 FDC Ltd. FDC



10 India Cements Ltd. INDIACEM


12 Infibeam Avenues Ltd. INFIBEAM

13 Kalpataru Power Transmission Ltd. KALPATPOWR

14 Mazagoan Dock Shipbuilders Ltd. MAZDOCK

15 Rallis India Ltd. RALLIS

16 Restaurant Brands Asia Ltd. RBA

17 RITES Ltd. RITES

18 Sequent Scientific Ltd. SEQUENT

19 Spicejet Ltd. SPICEJET


21 Thyrocare Technologies Ltd. THYROCARE



24 Vakrangee Ltd. VAKRANGEE

25 Wockhardt Ltd. WOCKPHARMA







5 Brigade Enterprises Ltd. BRIGADE







12 IRB Infrastructure Developers Ltd. IRB

13 Jindal Stainless Ltd. JSL




16 Mastek Ltd. MASTEK




20 Poonawalla Fincorp Ltd. POONAWALLA


22 Redington (India) Ltd. REDINGTON


24 Sobha Ltd. SOBHA

25 Vardhman Textiles Ltd. VTL

12) NIFTY 200



1 Ajanta Pharmaceuticals Ltd. AJANTPHARM





6 Endurance Technologies Ltd. ENDURANCE

7 Godrej Industries Ltd. GODREJIND


9 Indian Railway Finance Corporation Ltd. IRFC


11 NATCO Pharma Ltd. NATCOPHARM













7 Max Healthcare Institute Ltd. MAXHEALTH

8 Metropolis Healthcare Ltd. METROPOLIS







13) NIFTY LargeMidcap 250










8 ITI Ltd. ITI


























14) NIFTY MidSmallcap 400


















16 Johnson Controls - Hitachi Air Conditioning India Ltd. JCHAC



18 KSB Ltd. KSB











29 SRF Ltd. SRF











































15) NIFTY Microcap 250



1 Agro Tech Foods Ltd. ATFL


3 Banco Products (India) Ltd. BANCOINDIA

4 BF Investment Ltd. BFINVEST

5 Bliss GVS Pharma Ltd. BLISSGVS

6 Bodal Chemicals Ltd. BODALCHEM


8 Capacite Infraprojects Ltd. CAPACITE

9 Clariant Chemicals (India) Ltd. CLNINDIA

10 Dhampur Sugar Mills Ltd.* DHAMPURSUG

11 Dredging Corporation of India Ltd. DREDGECORP


13 Excel Industries Ltd. EXCELINDUS


14 Federal-Mogul Goetze (India) Ltd. FMGOETZE

15 G.M. Breweries Ltd. GMBREW

16 Gujarat Industries Power Co. Ltd. GIPCL

17 Hindustan Foods Ltd. HNDFDS


19 Huhtamaki India Ltd. HUHTAMAKI

20 ICRA Ltd. ICRA

21 India Tourism Development Corporation Ltd. ITDC

22 Indian Hume Pipe Co. Ltd. INDIANHUME

23 Insecticides (I) Ltd. INSECTICID

24 ITD Cementation India Ltd. ITDCEM

25 J.Kumar Infraprojects Ltd. JKIL

26 Jagran Prakashan Ltd. JAGRAN

27 Kirloskar Brothers Ltd. KIRLOSBROS

28 Lumax Auto Technologies Ltd. LUMAXTECH

29 Mahanagar Telephone Nigam Ltd. MTNL

30 Novartis India Ltd. NOVARTIND

31 Oriental Aromatics Ltd. OAL

32 Oriental Carbon & Chemicals Ltd. OCCL

33 Parag Milk Foods Ltd. PARAGMILK

34 PC Jeweller Ltd. PCJEWELLER

35 PNB Gilts Ltd. PNBGILTS

36 Prakash Industries Ltd. PRAKASH


38 PTC India Fin Serv Ltd. PFS

39 Punjab & Sind Bank PSB

40 Quick Heal Technologies Ltd. QUICKHEAL

41 Ramco Systems Ltd. RAMCOSYS

42 Rane Holdings Ltd. RANEHOLDIN


44 Sadbhav Engineering Ltd. SADBHAV


46 Satia Industries Ltd. SATIA

47 Seshasayee Paper & Boards Ltd. SESHAPAPER

48 Shankara Building Products Ltd. SHANKARA

49 Shanthi Gears Ltd. SHANTIGEAR


50 Sharda Motor Industries Ltd. SHARDAMOTR


52 SMS Pharmaceuticals Ltd. SMSPHARMA

53 Snowman Logistics Ltd. SNOWMAN

54 Sunflag Iron & Steel Company Ltd. SUNFLAG

55 Take Solutions Ltd. TAKE

56 Tamil Nadu Newsprint & Papers Ltd. TNPL


58 Vesuvius India Ltd. VESUVIUS

59 Vindhya Telelinks Ltd. VINDHYATEL

60 Wheels India Ltd. WHEELS

61 Wonderla Holidays Ltd. WONDERLA

* On account of proposed scheme of arrangement



1 Ahluwalia Contracts (India) Ltd. AHLUCONT


3 Ami Organics Ltd. AMIORG

4 Anand Rathi Wealth Ltd. ANANDRATHI

5 Apollo Pipes Ltd. APOLLOPIPE



8 Best Agrolife Ltd. BESTAGRO



11 Cartrade Tech Ltd. CARTRADE

12 CMS Info Systems Ltd. CMSINFO

13 Data Patterns (India) Ltd. DATAPATTNS



16 Dodla Dairy Ltd. DODLA

17 Fairchem Organics Ltd. FAIRCHEMOR

18 Fino Payments Bank Ltd. FINOPB


20 GHCL Ltd. GHCL


21 Globus Spirits Ltd. GLOBUSSPR


23 Greenlam Industries Ltd. GREENLAM

24 GTL Infrastructure Ltd. GTLINFRA


26 India Pesticides Ltd. IPL






Ltd. JCHAC


33 Kennametal India Ltd. KENNAMET

34 Krsnaa Diagnostics Ltd. KRSNAA

35 KSB Ltd. KSB



38 Meghmani Finechem Ltd. MFL

39 Meghmani Organics Ltd. MOL





44 Optiemus Infracom Ltd. OPTIEMUS

45 Paras Defence and Space Technologies Ltd. PARAS

46 Rategain Travel Technologies Ltd. RATEGAIN

47 Responsive Industries Ltd. RESPONIND

48 Rolex Rings Ltd. ROLEXRINGS

49 Sansera Engineering Ltd. SANSERA



52 Share India Securities Ltd. SHAREINDIA



55 Supriya Lifescience Ltd. SUPRIYA

56 Tarsons Products Ltd. TARSONS



58 Tatva Chintan Pharma Chem Ltd. TATVA

59 Tega Industries Ltd. TEGA



16) NIFTY Total Market



1 Agro Tech Foods Ltd. ATFL

2 Banco Products (India) Ltd. BANCOINDIA

3 BF Investment Ltd. BFINVEST

4 Bliss GVS Pharma Ltd. BLISSGVS

5 Bodal Chemicals Ltd. BODALCHEM

6 Capacite Infraprojects Ltd. CAPACITE

7 Clariant Chemicals (India) Ltd. CLNINDIA

8 Dhampur Sugar Mills Ltd.* DHAMPURSUG

9 Dredging Corporation of India Ltd. DREDGECORP

10 Excel Industries Ltd. EXCELINDUS

11 Federal-Mogul Goetze (India) Ltd. FMGOETZE

12 G.M. Breweries Ltd. GMBREW


14 Gujarat Industries Power Co. Ltd. GIPCL

15 Hindustan Foods Ltd. HNDFDS

16 Huhtamaki India Ltd. HUHTAMAKI

17 ICRA Ltd. ICRA

18 India Tourism Development Corporation Ltd. ITDC

19 Indian Hume Pipe Co. Ltd. INDIANHUME

20 Insecticides (I) Ltd. INSECTICID

21 ITD Cementation India Ltd. ITDCEM

22 J.Kumar Infraprojects Ltd. JKIL

23 Jagran Prakashan Ltd. JAGRAN

24 Kirloskar Brothers Ltd. KIRLOSBROS

25 Lumax Auto Technologies Ltd. LUMAXTECH

26 Mahanagar Telephone Nigam Ltd. MTNL


27 Novartis India Ltd. NOVARTIND

28 Oriental Aromatics Ltd. OAL

29 Oriental Carbon & Chemicals Ltd. OCCL

30 Parag Milk Foods Ltd. PARAGMILK

31 PC Jeweller Ltd. PCJEWELLER

32 PNB Gilts Ltd. PNBGILTS

33 Prakash Industries Ltd. PRAKASH

34 PTC India Fin Serv Ltd. PFS

35 Punjab & Sind Bank PSB

36 Quick Heal Technologies Ltd. QUICKHEAL

37 Ramco Systems Ltd. RAMCOSYS

38 Rane Holdings Ltd. RANEHOLDIN

39 Sadbhav Engineering Ltd. SADBHAV

40 Satia Industries Ltd. SATIA

41 Seshasayee Paper & Boards Ltd. SESHAPAPER

42 Shankara Building Products Ltd. SHANKARA

43 Shanthi Gears Ltd. SHANTIGEAR

44 Sharda Motor Industries Ltd. SHARDAMOTR

45 SMS Pharmaceuticals Ltd. SMSPHARMA

46 Snowman Logistics Ltd. SNOWMAN

47 Sunflag Iron & Steel Company Ltd. SUNFLAG

48 Take Solutions Ltd. TAKE

49 Tamil Nadu Newsprint & Papers Ltd. TNPL


51 Vesuvius India Ltd. VESUVIUS

52 Vindhya Telelinks Ltd. VINDHYATEL

53 Wheels India Ltd. WHEELS

54 Wonderla Holidays Ltd. WONDERLA

* On account of proposed scheme of arrangement




2 Ahluwalia Contracts (India) Ltd. AHLUCONT

3 Ami Organics Ltd. AMIORG


4 Anand Rathi Wealth Ltd. ANANDRATHI

5 Apollo Pipes Ltd. APOLLOPIPE


7 Best Agrolife Ltd. BESTAGRO



10 Cartrade Tech Ltd. CARTRADE



13 CMS Info Systems Ltd. CMSINFO

14 Data Patterns (India) Ltd. DATAPATTNS


16 Dodla Dairy Ltd. DODLA

17 Fairchem Organics Ltd. FAIRCHEMOR

18 Fino Payments Bank Ltd. FINOPB



21 GHCL Ltd. GHCL


23 Globus Spirits Ltd. GLOBUSSPR


25 Greenlam Industries Ltd. GREENLAM

26 GTL Infrastructure Ltd. GTLINFRA

27 India Pesticides Ltd. IPL

28 Kennametal India Ltd. KENNAMET


30 Krsnaa Diagnostics Ltd. KRSNAA



33 Meghmani Finechem Ltd. MFL

34 Meghmani Organics Ltd. MOL




38 Optiemus Infracom Ltd. OPTIEMUS

39 Paras Defence and Space Technologies Ltd. PARAS



41 Rategain Travel Technologies Ltd. RATEGAIN

42 Responsive Industries Ltd. RESPONIND

43 Rolex Rings Ltd. ROLEXRINGS

44 Sansera Engineering Ltd. SANSERA


46 Share India Securities Ltd. SHAREINDIA



49 Supriya Lifescience Ltd. SUPRIYA

50 Tarsons Products Ltd. TARSONS

51 Tatva Chintan Pharma Chem Ltd. TATVA

52 Tega Industries Ltd. TEGA



17) NIFTY Auto




2 Exide Industries Ltd. EXIDEIND



1 Escorts Ltd. ESCORTS

2 Sona BLW Precision Forgings Ltd. SONACOMS

18) NIFTY Bank






1 Bank of Baroda BANKBARODA

19) NIFTY Financial Services



1 Mahindra & Mahindra Financial Services Ltd. M&MFIN



1 SBI Cards and Payment Services Ltd. SBICARD

The above replacements will also be applicable to NIFTY Financial Services 25/50 index.

20) NIFTY Financial Services Ex-Bank




2 General Insurance Corporation of India GICRE

3 L&T Finance Holdings Ltd. L&TFH



1 Central Depository Services (India) Ltd. CDSL



21) NIFTY Healthcare



1 Alembic Pharmaceuticals Ltd. APLLTD





2 Syngene International Ltd. SYNGENE

22) NIFTY Metal



1 Coal India Ltd. COALINDIA



1 Jindal Stainless (Hisar) Ltd. JSLHISAR

23) NIFTY Oil & Gas



1 Mangalore Refinery & Petrochemicals Ltd. MRPL



1 Aegis Logistics Ltd. AEGISCHEM

24) NIFTY PSU Bank



1 Jammu & Kashmir Bank Ltd. J&KBANK

No inclusion is being made in the index.

25) NIFTY50 Value 20

The following company is being excluded on account of exclusion from NIFTY 50:





1 Britannia Industries Ltd. BRITANNIA

26) NIFTY Growth Sectors 15



1 Hero MotoCorp Ltd. HEROMOTOCO



1 Eicher Motors Ltd. EICHERMOT

27) NIFTY Dividend Opportunities 50



1 Ambuja Cements Ltd. AMBUJACEM


2 Central Depository Services (India) Ltd. CDSL

3 Emami Ltd. EMAMILTD




7 Sterlite Technologies Ltd. STLTECH

8 Tata Power Co. Ltd. TATAPOWER




2 HCL Technologies Ltd. HCLTECH


4 Nippon Life India Asset Management Ltd. NAM-INDIA

5 Oil India Ltd. OIL

6 Redington (India) Ltd. REDINGTON

7 Steel Authority of India Ltd. SAIL

8 Vedanta Ltd. VEDL

No changes are being made in NIFTY Consumer Durables, NIFTY FMCG, NIFTY IT, NIFTY

Media, NIFTY Pharma, NIFTY Private Bank and NIFTY Realty indices. The replacements arising

out of periodic reconstitution of thematic indices will be announced in due course.

About National Stock Exchange of India Limited (NSE):

National Stock Exchange of India (NSE) is the world’s largest derivatives exchange by trading

volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar

year 2021. NSE is ranked 4th in the world in the cash equities by number of trades as per the statistics

maintained by the World Federation of Exchanges (WFE) for calendar year 2021. 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 exchange listings, trading services, clearing and settlement services, indices, market data

feeds, technology solutions and financial education offerings. NSE also oversees compliance by

trading, clearing members and listed companies with the rules and regulations of SEBI and 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.

For more information, please visit: www.nseindia.com

About NSE Indices Limited:

NSE Indices Limited (formerly known as India Index Services & Products Ltd. - IISL), a subsidiary of

NSE, provides a variety of indices and index related services for the capital markets. The company focuses

on the index as a core product. The company owns and manages a portfolio of indices under the NIFTY

brand of NSE, including the flagship index, the NIFTY 50. NIFTY equity indices comprises of broad-

based benchmark indices, sectoral indices, strategy indices, thematic indices and customised indices. NSE

Indices Limited also maintains fixed income indices based on Government of India securities, corporate

bonds, money market instruments and hybrid indices. Many investment products based on NIFTY indices

have been developed within India and abroad. These include index based derivatives traded on NSE, NSE

IFSC and Singapore Exchange Ltd. (SGX) 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.

For more information, please visit: www.niftyindices.com

For any clarifications please contact:

Arijit Sengupta

Chief Marketing & Communications Officer

Kumar Kartikey

Chief Manager, Corporate Communication

Email id: [email protected]

http://www.nseindia.com/

http://www.niftyindices.com/

mailto:[email protected]

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Revision in criteria and replacements in indices - NSE