Mumbai, Aug. 6 -- NSE Indices, a subsidiary of the National Stock Exchange (NSE), launched the Nifty Next 100 Index, a new broad-based benchmark designed to track the performance of emerging large-cap companies.

The new index comprises a portfolio of 100 stocks, including all 50 constituents of the Nifty Next 50 and the top 50 stocks from the Nifty Midcap 150, selected based on their six-month average free-float market capitalisation. The index follows a free-float market capitalisation-weighted methodology.

The Nifty Next 100 has a base date of 1 October 2010 and a base value of 1,000. The index will be reconstituted on a semi-annual basis in March and September.

NSE Indices said the benchmark is expected to serve as a reference index...