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NSE announces rebranding of all indices

India Blooms News Service | | Nov 10, 2015, at 01:31 am

#NSE # rebranding # indices

Mumbai, Nov 9 (IBNS): India's largest stock exchange NSE on Monday announced that the entire family of indices from its groupâ€“India Index Services & Products Limited (IISL), will be rebranded, with a prefix NIFTY and some changes in names to make it more significant and meaningful.

In just 20 years since its inception on Nov 3, 1995, NIFTY 50 has become synonymous with the Indian equity market both domestically and internationally.

NIFTY 50 options traded on NSE are the largest traded contract globally in equity index options category.

In addition to NSE, NIFTY 50 derivatives are also traded on Singapore Exchange Ltd., Chicago Mercantile Exchange Inc. and Osaka Exchange Inc.

"While this is an important indication of the attractiveness of the Indian market, it is also a significant indication of the trust, faith and respect for the NIFTY brand name. It is only natural that the name NIFTY should be the natural choice and become the umbrella brand," said Chitra Ramkrishna, MD and CEO, NSE.

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