NCDEX launches NDEX and FINNDEX indices to foray into equity and derivatives markets
A monetary policy development with market-wide reach.
· ET Stocks, Economic Times Markets
NCDEX has launched NDEX and FINNDEX, two rule-based indices covering large and liquid Indian equities and financial sector stocks. The benchmarks use a multi-factor methodology incorporating market capitalisation, liquidity, beta and volatility, with semi-annual rebalancing.
The analysis
Rate decisions ripple straight into banks, NBFCs and every rate-sensitive sector — from real estate to autos.
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Market context
- This is a market-wide development — its reach goes beyond any single stock.
- Sector exposure: Financial Services.
In this story
Related coverage
Mahindra Finance Q2 net profit surges 55% to Rs 882 crore on volumes, lower credit cost
Large non-bank lenders flag early signs of stress in gold loan portfolios
‘Rate cuts are off the table in the near term’: RBI in October MPC minutes
M&M Financial Services shares crash 10% after Q2 results. What are Nomura and other analysts saying?
Indian bonds steady after RBI minutes signal more rate hikes