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Newer indices like Midcap have lower liquidity, meaning even moderate selling pressure may not be readily absorbed causing abrupt spikes, said market experts.
BSE’s previous efforts in this direction have come a cropper, and market participants feel the odds are heavily stacked against the exchange this time around too.
Nifty Midcap Select Index aims to track the performance of a focused portfolio of 25 stocks within the Nifty Midcap 150 index, NSE said in a statement.