Also Read: Stock Market Today: Sensex, Nifty 50 settle at fresh closing peaks; investors pocket about ₹3 lakh crore in a day With the launch of these new indices, the three variants of the Nifty 50 index mentioned below will be available for each of the two currencies: 1) Nifty 50 Price Return (PR): reflects the price performance of the index, plus the full value of special dividends but excludes the value of regular dividends 2) Nifty 50 Total Return (TR): reflects the price performance of the index, plus the full value of all dividends (both special and regular) 3) Nifty 50 Net Total Return (NTR): reflects the price performance of the index, plus the net amount of all dividends (both special and regular) and gains from bonus issue after deducting withholding tax and capital gains tax respectively The new indices are expected to attract international investors looking to invest in Indian equity market. They are expected to act as benchmarks for asset managers and as reference indices tracked by passive funds globally in the form of Exchange Traded Funds (ETFs), index funds and structured products.
On Tuesday, frontline indices Nifty 50 and Sensex settled at their fresh closing highs on gains led by banking and energy stocks as market sentiment remained upbeat following strong macro numbers and BJP's victory in the three large states. Nifty 50 closed at 20,855.10, up 168 points, or 0.81 per cent while the Sensex clocked a gain of 431 points, or 0.63 per cent, to end at 69,296.14.
Read more on livemint.com