Mumbai, Nov. 13 -- NSE Indices, the index services subsidiary of the National Stock Exchange, launched two new equity indices, Nifty 1000 and Nifty1000 Equal Weight. The indices cover 1,000 stocks and aim to provide broader representation of the Indian equity market.

The Nifty 1000 index tracks 1,000 stocks selected based on their six-month average full market capitalisation. Individual stock weights are determined by free-float market capitalisation. The selection framework also considers liquidity and investability criteria, including trading frequency and impact cost.

The Nifty1000 Equal Weight index comprises the same constituents as the Nifty 1000 but assigns an equal weight to each stock, offering an alternative to the market capi...