NSE will offer futures and options in the Nifty Midcap Select Index on January 24, 2022. The Nifty Midcap Select Index aims to track the performance of a concentrated portfolio of 25 stocks within the Nifty Midcap 150 Index.
The stocks in the index are selected from the Nifty Midcap 150 based on their availability for trading in the F&O sector, market capitalization, and average daily trading volume. Stock weights are based on free market capitalization.
The index’s current portfolio includes the following companies:
| Mr. La | The Company’s name | Code |
|---|---|---|
| 1. | AU Small Finance Bank Ltd. | obank |
| 2 | Ashok Leyland Ltd. | ashokali |
| 3 | Balqrishna Industries Company Limited. | Belkersand |
| 4 | Bharat Electronics Ltd. | Nice |
| 5 | Bharat Forge Ltd. | Bharatforge |
| 6 | Indian Container Company Limited. | Concor |
| 7 | Federal Bank Ltd. | Federal Bank |
| 8 | Godrej Properties Ltd. | Goodregroup |
| 9 | Gujarat Gas Ltd. | GUJGASLTD |
| 10 | IDFC First Bank Ltd. | IDFCFIRSTB |
| 11 | LIC Housing Finance Ltd. | to record |
| 12 | MRF Ltd. | MRF |
| 13 | Mahindra & Mahindra Financial Services Ltd. | M & MFI |
| 14 | Max Financial Services Limited | MFSL |
| 15 | Page Industries Ltd. | PageIND |
| 16 | Petronet LNG Limited. | Petronet |
| 17 | REC Ltd. | RECLTD |
| 18 | SRF Ltd. | SRF |
| 19 | Shriram Transportation Finance Ltd. | SRTRANSFIN |
| 20 | TVS Motor Co., Ltd. | TVSMOTOR |
| 21 | Tata Energy Co., Ltd. | TATAPOOWER |
| 22 | Ramco Cement Company Limited. | RAMCOCEME |
| 23 | Trent Ltd. | Trent |
| 24 | Voltas Ltd. | Turns |
| 25 | Zee Entertainment Enterprises Ltd. | zill |
The most important components of the indicator
| The Company’s name | Weight(%) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tata Energy Co., Ltd. | 7.52 | ||||||||||
| SRF Ltd. | 7.07 | ||||||||||
| Zee Entertainment Enterprises Ltd. | 5.95 | ||||||||||
| Voltas Ltd. | 5.68 | ||||||||||
| Bharat Electronics Ltd. | 5.04 | ||||||||||
| Shriram Transportation Finance Ltd. | 4.90 | ||||||||||
| Trent Ltd. | 4.79 | ||||||||||
| Page Industries Ltd. | 4.71 | ||||||||||
| AU Small Finance Bank Ltd. | 4.58 | ||||||||||
| Godrej Properties Ltd. | 4.39 |
Sector representation
| section | Weight(%) | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services | 26.63 | |||||||||||
| car | 13.21 | |||||||||||
| Transformative Industries | 8.63 | |||||||||||
| Energy | 7.52 | |||||||||||
| Chemicals | 7.07 | |||||||||||
| Media and entertainment and | 5.95 | |||||||||||
| Consumer Goods | 5.68 | |||||||||||
| oil and gas | 5.46 | |||||||||||
| Consumer Services | 4.79 | |||||||||||
| Textiles | 4.71 | |||||||||||
| Construction | 4.39 | |||||||||||
| Services | 3.39 | |||||||||||
| Cement and cement products | 2.57 |
| statistics | One year | 5 years | Since the beginning | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sexually transmitted diseases. deviation | 22.43 | 22.59 | 27.05 | ||||||||
| Beta (NIFTY 50) | 1.10 | 1.03 | 1.02 | ||||||||
| Correlation (NIFTY 50) | 0.76 | 0.83 | 0.84 |
The basics
| P/E. | q/b | profit return | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 26.8 | 3.21 | 0.94 |
Index performance as of December 31, 2021
You can check the index fact sheet for more information.
Contract Specifications for Nifty Midcap Select
| details | Futures | Options |
|---|---|---|
| Code | mid-age | mid-age |
| a tool | Photodex | OPTIDX |
| tick size | Regarding question 0.05 | Regarding question 0.05 |
| big size | 75 | 75 |
| trading cycle | 7 serial weekly contracts (excluding monthly expiration) and 3 serial monthly contracts | |
| Expiry Day | The last Tuesday of the monthly contracts expiration month and Tuesday of the weekly expiration week, excluding the week of the monthly contracts expiration. If Tuesday is a trading holiday, then the expiration day will be on the previous trading day. | |
| strike scheme | – | 30-1-30 |
| Strike interval | – | 50 |
| Cucumber type | – | European Call (CE) and Put European (PE) |
| settlement | cash settlement | cash settlement |
| Daily settlement price | The closing price of the futures contract. If it is not liquid, then the theoretical price will be considered | – |
| Final settlement price | Index closing value on the last trading day | Index closing value on the last trading day |
| quantity freeze | 5500 | 5500 |
| price range | Operating range 10% of the base price | The exact price range of a contract is calculated based on its delta value and updated on a daily basis |
| CFDs | M1-M2; M1-M3; M2-M3/W1-W2; W1-W3; W1-W4; W2-W3; W2- W4; W2-W5; W3-W4; W3-W5; W3-W6 | – |
You can check the announcement from the exchange here.