Mumbai, March 3 -- NSE Indices, a subsidiary of the National Stock Exchange (NSE), has introduced a new thematic index, the Nifty India Internet & E-Commerce index. This index is designed to track the performance of companies within the Nifty Total Market that primarily conduct business through online platforms.

The index monitors companies operating largely via online platforms. Stock weights are determined by free-float market capitalization, with a 20% cap on individual stock weights. The index's base date is 1 October 2021, with a base value of 1000. The index will undergo semi-annual reconstitution and quarterly rebalancing.

The index is intended to serve as a benchmark for asset managers and a reference point for passive funds, in...