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NSE Indices launches Nifty India Railways PSU Index

The NSE Indices has launched the NIFTY India Railways PSU Index, which tracks the performance of companies in the railway sector, including those involved in manufacturing rolling stock, railway infrastructure, and related services. This index includes companies like Indian Railway Finance Corporation, Rail Vikas Nigam, and others, aiming to provide investors with a benchmark to gauge the performance of railway-related public sector undertakings (PSUs). The index was introduced with a base date of April 1, 2023, and a base value of 1000. It is designed to reflect the growth and development in India's railway sector, which is undergoing significant modernization and expansion. The launch of this index is seen as a move to offer investors a specialized investment avenue in line with the government's focus on enhancing railway infrastructure.

Read the Full Business Standard Article at:
[ https://www.business-standard.com/markets/capital-market-news/nse-indices-launches-nifty-india-railways-psu-index-124120200325_1.html ]