Skip to main content

NSE Launches A New Index

EXCITING NEWS FOR TRADERS - NSE LAUNCHES NEW INDEX CALLED - LIX-15, TO BE TRADED IN FUTURES & OPTIONS FROM MONDAY.

NSE’s new index

It's 15 most liquid stocks SBI , Ttmt, axis, UNSP , Maruti , tisco, cairn , idfc, hindalco , yes bank, bob, rcom , jindal steel , JPA , jsw steel.
Leading bourse National Stock Exchange (NSE) today launched 'LIX 15' index, which will be available in the derivatives segment, in a bid to provide exposure to the liquid stocks.

The index would be disseminated online, from Monday, July 8, 2013, NSE said in a statement.

The index includes 15 stocks, which are available in the Future & Option (F&O) segment. The weight of single stock in the index is capped at 15 per cent.

Currently, these stocks represent nine industries, 22 per cent of turnover in cash segment and 34 per cent of single stock derivatives turnover in F&O segment on NSE in previous six-month.

LIX 15 index is designed to provide exposure to the liquid stocks while making the index easily tradable.

The index includes limited number of stocks and selection criterion is based on the minimum turnover ratio and free float market capitalisation

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.

Comments

Post a Comment

Popular posts from this blog

Wizard of Dalal Street: Govind Parikh's investment mantra

Wizard of Dalal Street: Govind Parikh's investment mantra Govind Parikh of Govind Parikh Securities says selling right is more important than correct buying. He says it is necessary to keep a lot of cash. "We keep an average 10 percent cash in our portfolio," he says I like to buy things in a bad market. Additionally, don't look current cash flow, concentrate on future cash flows — that is what  I look at," says Govind Parikh of Govind Parikh Securities. He advises investors to buy good quality stocks when the market crashes. While sharing his investment philosophy with ace investor Ramesh Damani, on the Wizards of Dalal Street, Parikh says management integrity is very important when deciding which stock to bet on. He tells investors not to buy stocks impulsively. According to him, selling right is more important than correct buying. He says it is necessary to keep a lot of cash. "We keep an average 10 percent cash in our portfolio," he says. He al...
2 comments
Read more

Market Crash -Nifty below 9000

Yesterday, the Indian benchmark was opened on a gap up note at 9,285.40 levels, witnessed some selling pressure that drifted it to a low near the psychological support of 9,000 levels. However, a pullback was witnessed and index made a high of 9,403 levels but index started erasing gains in last hour of the trading session and closed below the psychological support of 9,000 levels for the very first time since March, 2016. Most of the indices were closed on a negative note out of which media stocks eased 5.95%. Market breadth was negative as 621 stocks were advanced while 1,206 stocks were closed in the red.  Maximum Call open interest (OI) of 15.35 lakh contracts was seen at the 10000 strike price followed by a 10500-strike price which 13 Lakhs. Highest call writing was seen at the strike price of 9500, at which 4.61 lakh contracts traded. Call option suggests 9500 will be next hurdle. Maximum Put open interest of 10 -lakh contract was seen at the 8100-Strike price followed by ...
Post a Comment
Read more

How to increase your tax savings

How to increase your tax savings  Now that both houses of Parliament have passed the Finance Bill 2014, you can start taking advantage of the new tax proposals of Budget 2014-15. Revisit your tax-saving strategy for the year to maximise yo ur take-home pay. Reduce your tax outgo Most organisations have already asked their employees to send revised investment declarations for the year to reassess their tax liabilities following the changes in tax laws. The sooner you do so, the better it will be. "If you do not revise your earlier declaration, you will continue facing a higher tax outgo every month. Sending a revised declaration this month will allow you to fetch a higher takehome pay right away," says Kuldip Kumar, executive director, tax & regulatory services, PWC. For More Source :  http://economictimes.indiatimes.com/wealth/tax-savers/tax-news/how-to-increase-your-tax-savings/articleshow/42394282.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cp...
Post a Comment
Read more