SEARCH

NSE to unveil new index LIX-15 on Monday

Our Bureau
Share  ·   Comment   ·   print   ·  

The National Stock Exchange will launch a new index, LIX-15, on July 8. The index will consist of 15 stocks drawn from the CNX-100 index.

These have a minimum free float market capitalisation of Rs 5,000 crore with a turnover ratio (TRO) greater than 100 per cent in majority of the last six months and are individually eligible for the F&O segment.

Turnover ratio is the ratio of scrip’s monthly turnover to average free float for the month annualised.

The maximum weight of a single stock has been capped at 15 per cent. The index would be calculated daily. The index will have stocks from nine industries and has 96 per cent correlation with the Nifty since inception.

LIX-15 will have a base value of 1,500 and a base date of January 1, 2009. The index would be reviewed once in six months. Stocks with free float market capitalisation of less than Rs 4,000 crore or TRO of less than 100 per cent in 3 out of 6 months would be excluded.

(This article was published on July 5, 2013)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.
Please Wait while comments are loading...
This article is closed for comments.
Please Email the Editor

DATA BANK

Exchange Rate

Dollar Spot Forward Rate

Open-Ended Mutual Funds

MCX-SX Currency Futures

NSE Currency Futures

More Disclosures »


O
P
E
N

close

Recent Article in Stocks

Argentina debt fears spook global, India markets

Rupee ends at 61.8, a four-month low »

Comments to: web.businessline@thehindu.co.in. Copyright © 2014, The Hindu Business Line.