 "On July 4, Sebi had served fresh show cause notices to NSE and over 20 others for alleged violation of norms")
The National Stock Exchange (NSE) on Tuesday tweaked the criteria for selecting stocks for Nifty indices.
Until recently, only companies listed on the exchange were considered for index inclusion. Under the revised framework, NSE will also consider stocks that are not listed on its platform but are permitted to trade. Stock exchanges allow trading in stocks listed on rival exchanges under the so-called ‘permitted to trade’ category.
Currently, there are over a dozen stocks, including Abbott India, Bayer Cropscience, Multi Commodity Exchange of India (MCX) and Nestle India, which are not listed on NSE but are traded in the permitted to
