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NSE’s index services subsidiary, NSE Indices has launched a new thematic index called Nifty India Tourism which will track the performance of stocks in Nifty 500 index representing the travel and tourism theme.The base date for the index is April 1, 2005 and the base value is 1,000. The index will be reconstituted semi-annually and rebalanced on a quarterly basis.
The index comprises 17 stocks including the likes of InterGlobe Aviation (Indigo), Indian Railway Catering and Tourism Corporation (IRCTC), Easy Trip Planners, GMR Airports Infrastructure, Devyani International, Jubilant Foodworks, Safari Industries (India), V.I.P. Industries and Mahindra Holidays & Resorts India among others.
In a media release, NSE outlined its rationale…
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