NSE’s Index Maintenance Sub-Committee meeting today; methodology revised for select Nifty indices inclusion
For Nifty Midcap 50 and Nifty Smallcap 50, criteria laid down for Nifty Midcap 150 and Nifty Smallcap 250, respectively, will be required to be met. Further, in the case of Nifty Midcap 150 and Nifty Smallcap 250, free-float m-cap criteria will apply as against full market capitalisation.
Free float m-cap for the valuation of a company takes into account only those shares that are available for trading or are publicly held. Picture credit: Reuters