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NSE revises eligibility for inclusion in Nifty
The National Stock Exchange (NSE) on Tuesday said it has revised the eligibility criteria for inclusion of stocks in the Nifty indices.
New Delhi: The National Stock Exchange (NSE) on Tuesday said it has revised the eligibility criteria for inclusion of stocks in the Nifty indices.
According to the amended rules, "all equity shares that are traded (listed and traded and not listed but permitted to trade) at the exchange are eligible for inclusion in the Nifty indices," the NSE said in a release.
Earlier, only those equity shares that were listed and traded on the exchange were eligible for inclusion in the Nifty indices.
Now, scrips that are not listed on the exchange but are permitted to trade would also be considered for inclusion in the indices. At the end of July, there were 1,950 listed shares on the NSE, while 1,887 were available for trading.
Shares of as many as 18 companies that were not listed were allowed to trade at the end of the month, according to data available with the exchange.
However, "convertible stock, bonds, warrants, rights, preferred stock that provide a guaranteed fixed return and stocks under BZ series are not eligible for inclusion in the Nifty indices," it added.
