NSE launches Nifty India Tourism Index

The NSE Indices Limited, a subsidiary of the National Stock Exchange (NSE), has introduced a new thematic index called the Nifty India Tourism Index. This index is designed to track the performance of stocks from the Nifty 500 Index which represents India's travel and tourism industry. The aim is to provide a benchmark for asset managers and to create investment opportunities in the tourism sector. The index will be updated regularly and will be used as a reference point for passive funds like Exchange Traded Funds (ETFs) and index funds. Travel and tourism are two of the largest industries in India, with a total contribution of about US$ 199.6 billion to the country’s GDP (Source: IBEF). The index comprises 17 stocks including the likes of InterGlobe Aviation (Indigo), Indian Railway Catering and Tourism Corporation (IRCTC), Easy Trip Planners, GMR Airports Infrastructure, Devyani International, Jubilant Foodworks, Safari Industries (India), V.I.P. Industries and Mahindra Holidays & Resorts India among others.