NSE Indices Launches Nifty India Internet & E-Commerce Index to Track Digital-First Companies
Summary: NSE Indices, a subsidiary of the NSE, has introduced the Nifty India Internet & E-Commerce Index to track digital-first companies operating via online platforms. Launched on February 28, the index comprises 21 stocks from the Nifty Total Market Index, with weights based on free-float market capitalization and a 20% cap on individual stocks.
The index’s base date is October 1, 2021, with a base value of 1,000.
Top constituents include Zomato (20.3%), Info Edge (18.83%), and PB Fintech (16.72%), along with Paytm, Nykaa, and IRCTC (7–8% each). Smaller allocations feature Angel One, Motilal Oswal, Swiggy, and IndiaMART InterMESH.
The index aims to provide investors with a benchmark for India’s expanding digital economy.
NSE Indices Launches Nifty India Internet & E-Commerce Index to Track Digital-First Companies
NSE Indices, a subsidiary of the National Stock Exchange (NSE), has introduced the Nifty India Internet & E-Commerce Index — a thematic benchmark designed to track the performance of digital-first companies operating primarily through online platforms.
Launched on February 28, the new index aims to capture the growing influence of India’s internet and e-commerce sector, providing investors with a dedicated tool to gauge the performance of key players in the space.
The index comprises 21 companies drawn from the broader Nifty Total Market Index, with stock weights determined based on free-float market capitalization. To ensure diversification, the weight of individual stocks is capped at 20%.
The index has been assigned a base date of October 1, 2021, with a base value of 1,000.
Key Constituents
Among the top-weighted stocks is food delivery giant Zomato, which holds a 20.3% share in the index. Info Edge, the parent company of Naukri.com and 99acres, follows with an 18.83% weight, while PB Fintech, the parent firm of Policybazaar, holds 16.72%.
Other notable constituents include Paytm (One 97 Communications), Nykaa (FSN E-Commerce Ventures), and IRCTC, each holding weights in the range of 7% to 8%.
The index also features smaller allocations to Angel One, Motilal Oswal, Swiggy, and IndiaMART InterMESH, reflecting the diverse range of digital-first businesses included in the benchmark.
With India’s digital economy continuing to expand, the Nifty India Internet & E-Commerce Index is expected to serve as a valuable tool for investors seeking exposure to the country’s fast-evolving online ecosystem.
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Last Updated on Tuesday, March 4, 2025 9:08 am by Sai Jyothi
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