nse update

NSE launches Nifty500 Equal Weight index; base date April 1, 2005

by
NSE launches Nifty500 Equal Weight index; base date April 1, 2005

NSE’s index services subsidiary, NSE Indices, on Friday launched a new strategy index — Nifty500 Equal Weight — which represents an alternative weighting strategy to its parent index, the Nifty 500. It includes the same companies as the Nifty 500, however, weighed equally, an NSE press release said. The base date for the index is … Read more

NSE board approves 4:1 bonus issue, dividend of Rs 90 per share

by
NSE board approves 4:1 bonus issue, dividend of Rs 90 per share

The board of leading exchange NSE on Friday approved a bonus issue in the proportion of 4-to-1 through the capitalisation of reserves. Under the proposed bonus issue, investors of the unlisted company will get four shares for every share they hold as on the record date. The proposed bonus issue needs to be approved by … Read more