The “Nifty EV & New Age Automotive Index,” the First EV Index by NSE Indices was launched in India.
About NSE Indices:
- This index aims to track the performance of companies involved in the EV ecosystem or in developing new age automotive vehicles and related technology.
- The base date for the index is set as April 2, 2018, with a base value of 1000.
- It will be reconstituted semi-annually and rebalanced quarterly.
Ref: Source
| UPSC IAS Preparation Resources | |
| Current Affairs Analysis | Topperspedia |
| GS Shots | Simply Explained |
| Daily Flash Cards | Daily Quiz |
Frequently Asked Questions (FAQs):
What is NSE?
NSE stands for National Stock Exchange of India Limited, which is India’s largest stock exchange by market capitalization.
What is the Nifty EV & New Age Automotive Index?
The first electric vehicle index launched by NSE Indices to track the performance of companies involved in the EV ecosystem or in developing new age automotive vehicles and related technology.
How often will the Nifty EV & New Age Automotive Index be reconstituted?
The index will be reconstituted semi-annually and rebalanced quarterly.