NSE TO USE FREE FLOAT M-CAP METHOD FOR NIFTY

The National Stock Exchange will now use the free float market capitalization methodology to calculate its benchmark indices S&P CNX and Defty to be calculated using free float method from June 26 and Nifty Junior to be included from May 4.Under Free Float method, the index is calculated on the basis of the floating stock or the open market shares of the company as against the method of full float based on the market capitalization method.