NEW DELHI: The National Stock Exchange (NSE) has launched a new thematic index, the Nifty India Tourism Index. This index will track the performance of Nifty 500 firms that represent the travel and tourism industry.
The index will monitor the top 30 stocks in the basic industries category, chosen by their six-month average free-float market capitalization. Currently, the index includes 17 stocks such as BLS International, Chalet Services, Devyani International, Easy Trip Planners, GMR Airports, Indian Hotels, IRCTC, and InterGlobe Aviation.
The launch comes amidst the Indian government’s continued efforts to promote India as a leading destination for international tourism. Travel and tourism are two of the largest industries in…