Mumbai: NSE Indices Limited, a subsidiary of the National Stock Exchange (NSE), on June 17, 2026, launched two new thematic indices, including the Nifty Sugar & Ethanol Index aimed at tracking companies engaged in sugar and ethanol production.
According to a press release issued by the company, the new index is designed to monitor the performance of 15 stocks from the fast-moving consumer goods (FMCG) sector that are directly involved in manufacturing sugar or producing ethanol.
Alongside this, NSE Indices also introduced the Nifty Small Finance Banks & Microfinance Institutions Index, which will track the most liquid listed entities in the small finance banking and microfinance segments.
The company said the weight of each stock in both indices will be based on free-float market capitalisation, subject to a maximum cap of 15%. The indices will use March 31, 2021, as the base date, with a base value of 1,000.
Both indices will be reconstituted twice a year and rebalanced every quarter in March, June, September and December.
NSE Indices said the new benchmarks are expected to serve as reference points for asset managers and support the development of passive investment products such as exchange-traded funds, index funds and structured financial instruments linked to the sugar and ethanol sector.
NSE Indices Limited, earlier known as India Index Services & Products Ltd (IISL), manages a wide range of indices under the Nifty brand, including the Nifty 50. Its portfolio covers benchmark indices, sectoral and thematic indices, strategy-based indices, customised indices and fixed income indices linked to government securities, corporate bonds and money market instruments.
The company added that Nifty-based index products are also traded in international markets, including on NSE International Exchange IFSC Limited.
