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NSE`s index services subsidiary, NSE Indices launched a new thematic index � Nifty India Railways PSU.

The Nifty India Railways PSU index tracks the performance of PSUs from the Nifty 500 which are either owned by the Ministry of Railways (classified as core group) or cater to the Indian Railways (classified as non-core group). The weight of each stock in the index is based on its free-float market capitalization. The aggregate weight of stocks belonging to the core group is capped at 80% and the aggregate weight of stocks belonging to the non-core group is capped at 20%. The weight of each stock is capped at 20%

The base date for the index is 1 April 2021, and the base value is 1000. Since inception, the index has delivered a total return of 49.12% CAGR. In the last year alone, it has risen by 54.68%. The index will be reconstituted semi-annually and rebalanced on a quarterly basis.

Currently, Indian Railway Finance Corporation holds the largest weight in the index at 18.86%, followed by Rail Vikas Nigam (17.49%), Indian Railway Catering and Tourism Corporation (17.40%), Container Corporation of India (16.13%), and NTPC (7.26%).

The new index is expected to act as a benchmark for asset managers and be a reference index tracked by passive funds in the form of Exchange Traded Funds (ETFs), index funds and structured products.

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The National Stock Exchange of India (NSE) has announced a revision in the expiry day for certain index derivatives contracts. This change will come into effect from 1 January 2025.

BANKNIFTY`s monthly and quarterly contracts will now expire on the last Thursday of the expiry month, instead of the last Wednesday.

FINNIFTY`s monthly contracts will now expire on the last Thursday of the expiry month, instead of the last Tuesday.

MIDCPNIFTY`s monthly contracts will now expire on the last Thursday of the expiry month, instead of the last Monday.

NIFTYNXT50`s monthly contracts will now expire on the last Thursday of the expiry month, instead of the last Friday.

The expiry day for NIFTY monthly, weekly, quarterly, and half-yearly contracts remains unchanged.

This change in the expiry day will have a direct impact on traders and investors who participate in the derivatives market, particularly those who deal with the affected index derivatives. Traders will need to adjust their trading strategies and risk management plans to account for the new expiry dates.

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PC Jeweller has fixed 28 November 2024 as record date for the purpose of sub-division / split of equity shares of the Company, such that 1 (One) equity share having face value of Rs 10 each, fully paid-up, be sub-divided / split into 10 (Ten) equity shares having face value of Re 1 each.

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Ceenik Exports (India) has fixed 14 December 2024 as record date for final dividend.

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Strides Pharma Science has fixed 06 December 2024 as record date for r determining names of the equity shareholders of Strides who shall be entitled for allotment of equity shares by OneSource, as consideration under the scheme of arrangement.

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The BSE has announced its latest reconstitution of major indices, which will take effect on 23 December 2024. The rebalancing is designed to reflect changes in market capitalization and liquidity, ensuring that the indices remain a robust representation of the current market landscape.

The flagship BSE Sensex will see a notable update, with JSW Steel being removed and Zomato making its debut.

The BSE 100 index will also undergo a substantial overhaul. Ashok Leyland, P.I. Industries, IDFC First Bank, Indian Railway Catering and Tourism Corporation, UPL, and APL Apollo Tubes are slated for removal. In their place, Jio Financial Services, Suzlon Energy, Adani Green Energy, Adani Power, Samvardhana Motherson International, and PB Fintech will be added.

In the BSE Sensex 50 index, companies being removed include HDFC Life Insurance Company, Bharat Petroleum Corporation, and LTI Mindtree. Meanwhile, Zomato, Jio Financial Services, and Hindustan Aeronautics will be added.

The BSE Sensex Next 50 will undergo an extensive reshuffling. Eight companies, including Adani Green Energy, HDFC Life Insurance Company, Bharat Petroleum Corporation, LTIMindtree, Samvardhana Motherson International, PB Fintech, Suzlon Energy, and Adani Power, will join the index.

On the other hand, companies such as Zomato, Hindustan Aeronautics, Ashok Leyland, P.I. Industries, IDFC First Bank, Indian Railway Catering and Tourism Corporation, UPL, and APL Apollo Tubes, will exit.

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