NSE launches India Tourism Index, check details of included shares here

The National Stock Exchange has launched a new thematic index – Nifty India Tourism Index. It will track the performance of those Nifty 500 firms which are associated with the travel and tourism industry. This index will track the largest 30 stocks of eligible basic industries, selected on the basis of 6-month average free-float market capitalization. The current 17 shares of this index include many companies including BLS International, Bungalow Services, Devyani International, Easy Trip Planners, GMR Airports, Indian Hotels, IRTC and InterGlobe Aviation.

Only those stocks will be included in this index, which will be part of the Nifty 500 index at the time of review. The weight of each stock in the index will be based on free float market capitalization. The base date of the index is April 1, 2005 and the base value is 1,000. The index will be reconstituted every 6 months and rebalanced every quarter. Stock weight is capped at 20%.