{"id":7723,"date":"2024-05-21T06:46:03","date_gmt":"2024-05-21T06:46:03","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=7723"},"modified":"2024-05-21T06:46:04","modified_gmt":"2024-05-21T06:46:04","slug":"nifty-manufacturing-index","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/nifty-manufacturing-index\/","title":{"rendered":"Everything You Need To Know About Nifty Manufacturing Index"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/nifty-manufacturing-index\/#What_is_the_Nifty_India_Manufacturing_Index\" >What is the Nifty India Manufacturing Index?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/nifty-manufacturing-index\/#Formation_of_Nifty_India_Manufacturing_Index\" >Formation of Nifty India Manufacturing Index<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/nifty-manufacturing-index\/#Nifty_India_Manufacturing_Index_Portfolio_Characteristics\" >Nifty India Manufacturing Index: Portfolio Characteristics<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/nifty-manufacturing-index\/#NIfty_Manufacturing_Index_Key_Features\" >NIfty Manufacturing Index| Key Features<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/shoonya.com\/blog\/nifty-manufacturing-index\/#Sector_Representation\" >Sector Representation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/shoonya.com\/blog\/nifty-manufacturing-index\/#Nifty_Manufacturing_Index_Top_Constituents_by_Weightage\" >Nifty Manufacturing Index| Top Constituents by Weightage<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/shoonya.com\/blog\/nifty-manufacturing-index\/#Performance_and_Sector_Exposure_of_the_Nifty_India_Manufacturing_Index\" >Performance and Sector Exposure of the Nifty India Manufacturing Index<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/shoonya.com\/blog\/nifty-manufacturing-index\/#Eligibility_Criteria_for_the_Nifty_India_Manufacturing_Index\" >Eligibility Criteria for the Nifty India Manufacturing Index<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/shoonya.com\/blog\/nifty-manufacturing-index\/#Pros_of_Investing_in_the_Nifty_Manufacturing_Index\" >Pros of Investing in the Nifty Manufacturing Index<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/shoonya.com\/blog\/nifty-manufacturing-index\/#Cons_Investing_in_the_Nifty_Manufacturing_Index\" >Cons Investing in the Nifty Manufacturing Index<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/shoonya.com\/blog\/nifty-manufacturing-index\/#Taxation_of_Nifty_Manufacturing_Index\" >Taxation of Nifty Manufacturing Index<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/shoonya.com\/blog\/nifty-manufacturing-index\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/shoonya.com\/blog\/nifty-manufacturing-index\/#FAQs_Nifty_Manufacturing_Index\" >FAQs|\u00a0 Nifty Manufacturing Index<\/a><\/li><\/ul><\/nav><\/div>\n<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/shoonya.com\/blog\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/nifty\/\">Nifty<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\"><strong>Everything You Need To Know About Nifty Manufacturing Index<\/strong><\/span><\/span><\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In India, stock market indexes like the Sensex and Nifty are key indicators of market performance. The Sensex includes shares of 30 firms listed on the BSE, while the Nifty comprises 50 shares listed on the NSE. However, there is a specific index that keeps a check on the manufacturing sector. The Nifty Manufacturing Index tracks companies in the manufacturing sector. It represents a mix of large, mid, and small-cap stocks from the Nifty 100, Midcap 150, and Smallcap 50 indexes. The Nifty Manufacturing Index is an important gauge for understanding the health and trends of India&#8217;s manufacturing industry.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Let us understand the working of the Nifty India Manufacturing Index today!<\/p>\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"0-what-is-the-nifty-india-manufacturing-index-\"><span class=\"ez-toc-section\" id=\"What_is_the_Nifty_India_Manufacturing_Index\"><\/span><strong>What is the Nifty India Manufacturing Index?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Nifty Manufacturing Index selects companies based on their 6-month average free-float market capitalisation in industries, thus representing the manufacturing sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Let us understand the features of the index and its formation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"1-formation-of-nifty-india-manufacturing-index-\"><span class=\"ez-toc-section\" id=\"Formation_of_Nifty_India_Manufacturing_Index\"><\/span><strong>Formation of Nifty India Manufacturing Index<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">NSE Indices Ltd. established the Nifty India Manufacturing Index due to the significant size and strategic importance of India&#8217;s manufacturing sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It commenced on April 1, 2005, with an initial value of 1000.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"2-nifty-india-manufacturing-index-portfolio-characteristics-\"><span class=\"ez-toc-section\" id=\"Nifty_India_Manufacturing_Index_Portfolio_Characteristics\"><\/span><strong>Nifty India Manufacturing Index: Portfolio Characteristics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Periodic Capped Free Float MCap: 1000<\/li>\n\n\n\n<li>Launch Date: August 16, 2021<\/li>\n\n\n\n<li>Base Date: April 01, 2005<\/li>\n\n\n\n<li>Base Value: 1000<\/li>\n\n\n\n<li>Calculation Frequency: Real-Time<\/li>\n\n\n\n<li>Number of Constituents: 75<\/li>\n\n\n\n<li>Methodology: Periodic Capped Free Float MCap<\/li>\n\n\n\n<li>Index Rebalancing: Semi-Annually<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"3-nifty-manufacturing-index-key-features-\"><span class=\"ez-toc-section\" id=\"NIfty_Manufacturing_Index_Key_Features\"><\/span><strong>NIfty Manufacturing Index| Key Features<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Here are some unique characteristics of the index:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The nifty manufacturing index includes stocks from the Nifty 100, Nifty Midcap 150, and Nifty Smallcap 50.<\/li>\n\n\n\n<li>Stocks in the eligible \u2018basic industry\u2019 based on AMFI classification can join the index.<\/li>\n\n\n\n<li>The index covers about 75% of the free-float market cap of eligible stocks within each basic industry.<\/li>\n\n\n\n<li>The weight of each stock in the nifty manufacturing index depends on its free-float market capitalisation.<\/li>\n\n\n\n<li>It is updated and rebalanced semi-annually with the Nifty broad-based indices.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"4-sector-representation\"><span class=\"ez-toc-section\" id=\"Sector_Representation\"><\/span>Sector Representation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Nifty Manufacturing Index tracks various sectors within the manufacturing industry.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here is the sector representation and their respective weights:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Sector<\/strong><\/td><td><strong>Weight (%)<\/strong><\/td><\/tr><tr><td><strong>Automobile and Auto Components<\/strong><\/td><td>30.61<\/td><\/tr><tr><td><strong>Capital Goods<\/strong><\/td><td>21.24<\/td><\/tr><tr><td><strong>Healthcare<\/strong><\/td><td>14.01<\/td><\/tr><tr><td><strong>Metals &amp; Mining<\/strong><\/td><td>12.46<\/td><\/tr><tr><td><strong>Oil, Gas &amp; Consumable Fuels<\/strong><\/td><td>8.61<\/td><\/tr><tr><td><strong>Chemicals<\/strong><\/td><td>7.20<\/td><\/tr><tr><td><strong>Consumer Durables<\/strong><\/td><td>4.41<\/td><\/tr><tr><td><strong>Textiles<\/strong><\/td><td>0.87<\/td><\/tr><tr><td><strong>Forest Materials<\/strong><\/td><td>0.32<\/td><\/tr><tr><td><strong>Telecommunication<\/strong><\/td><td>0.26<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"5-nifty-manufacturing-index-top-constituents-by-weightage\"><span class=\"ez-toc-section\" id=\"Nifty_Manufacturing_Index_Top_Constituents_by_Weightage\"><\/span>Nifty Manufacturing Index| Top Constituents by Weightage<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">As per the official factsheet issued by NSE, the main components of the Nifty Manufacturing Index include:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Company<\/strong><\/td><td><strong>Percentage<\/strong><\/td><\/tr><tr><td>Mahindra &amp; Mahindra Ltd.<\/td><td>5.32%<\/td><\/tr><tr><td>Maruti Suzuki India Ltd.<\/td><td>4.82%<\/td><\/tr><tr><td>Tata Motors Ltd.<\/td><td>4.77%<\/td><\/tr><tr><td>Reliance Industries Ltd.<\/td><td>4.67%<\/td><\/tr><tr><td>Sun Pharmaceutical Industries Ltd.<\/td><td>4.33%<\/td><\/tr><tr><td>Tata Steel Ltd.<\/td><td>4.11%<\/td><\/tr><tr><td>Bajaj Auto Ltd.<\/td><td>3.05%<\/td><\/tr><tr><td>Bharat Electronics Ltd.<\/td><td>2.91%<\/td><\/tr><tr><td>Hindalco Industries Ltd.<\/td><td>2.84%<\/td><\/tr><tr><td>Hindustan Aeronautics Ltd.<\/td><td>2.56%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Source- <a href=\"https:\/\/www.niftyindices.com\/Factsheet\/Factsheet_Nifty_India_Manufacturing_Index.pdf\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Niftyindices.com<\/mark><\/a>, data, as of April 30th, 2024.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"6-performance-and-sector-exposure-of-the-nifty-india-manufacturing-index-\"><span class=\"ez-toc-section\" id=\"Performance_and_Sector_Exposure_of_the_Nifty_India_Manufacturing_Index\"><\/span><strong>Performance and Sector Exposure of the Nifty India Manufacturing Index<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Here are some of the latest insights into the performance of this index in recent years:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>From April 1, 2005, to November 30, 2021, the Nifty India Manufacturing Index had an annual return of 14.5%. This was quite close to 14.9% for the Nifty 50 Index and 14.8% for the Nifty 500 Index.<\/li>\n\n\n\n<li>The Nifty India Manufacturing Index outperformed the Nifty 500 Index in 7 of the last 16 years from 2005 to 2020.<\/li>\n\n\n\n<li>Over long-term periods, the Nifty India Manufacturing Index has outperformed the Nifty 500 Index 69.4% of the time over 5 years:<br>50.7% over 7 years and 61.3% over 10 years based on daily returns.<\/li>\n\n\n\n<li>It provides more exposure to sectors like Automobile, Industrial Manufacturing, Pharma, Metals, and Chemicals compared to the <a href=\"https:\/\/shoonya.com\/blog\/understanding-nifty-50-and-its-components\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Nifty 50<\/mark><\/a> and Nifty 500 Index.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"7-eligibility-criteria-for-the-nifty-india-manufacturing-index-\"><span class=\"ez-toc-section\" id=\"Eligibility_Criteria_for_the_Nifty_India_Manufacturing_Index\"><\/span><strong>Eligibility Criteria for the Nifty India Manufacturing Index<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To be part of the Nifty India Manufacturing Index, stocks must meet certain criteria:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Listing on the National Stock Exchange (NSE)<\/strong><br>A company must be listed on the NSE, ensuring adherence to recognised regulatory standards.<\/li>\n\n\n\n<li><strong>Inclusion in the Combined Universe<\/strong><br>Companies eligible for the index must be constituents of the combined universe. This comprises Nifty 100, Nifty Midcap 150, and Nifty Smallcap 50, ensuring comprehensive coverage.<\/li>\n\n\n\n<li><strong>Basic Industry Classification<\/strong><br>Companies classified under the &#8216;basic industry&#8217; category by Asset Management Company (AMC) classification.<\/li>\n\n\n\n<li><strong>Weightage Caps<\/strong><br>Individual stock weights are determined by free-float market capitalisation, which is capped at 5%. For adequate representation, specific manufacturing sectors require a minimum weight requirement of 20%.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"8-pros-of-investing-in-the-nifty-manufacturing-index-\"><span class=\"ez-toc-section\" id=\"Pros_of_Investing_in_the_Nifty_Manufacturing_Index\"><\/span><strong>Pros of Investing in the Nifty Manufacturing Index<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Here are some advantages of investing in this index.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Diversification: <\/strong>These funds spread risk by investing in a variety of manufacturing companies from different sectors. Thus giving investors broad market exposure.<\/li>\n\n\n\n<li><strong>Cost-effectiveness:<\/strong> Index funds keep costs low since they mimic index performance, needing less research and management.<\/li>\n\n\n\n<li><strong>Transparency: <\/strong>Investors can easily see where their money goes because index funds&#8217; holdings mirror the tracked index.<\/li>\n\n\n\n<li><strong>Performance tracking:<\/strong> Investors can compare their fund&#8217;s performance with the Nifty India Manufacturing Index, which gets updated every six months.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"9-cons-investing-in-the-nifty-manufacturing-index-\"><span class=\"ez-toc-section\" id=\"Cons_Investing_in_the_Nifty_Manufacturing_Index\"><\/span><strong>Cons Investing in the Nifty Manufacturing Index<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Here are the disadvantages of investing in this index.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Larger companies get more weight in the index, potentially overshadowing smaller ones with higher growth potential.<\/li>\n\n\n\n<li>Investing in the Nifty India Manufacturing Index means facing risks specific to the manufacturing sector.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"10-taxation-of-nifty-manufacturing-index-\"><span class=\"ez-toc-section\" id=\"Taxation_of_Nifty_Manufacturing_Index\"><\/span><strong>Taxation of Nifty Manufacturing Index<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Mutual funds following an index are usually considered equity funds for tax purposes if 65% of their assets are in equities, with significant tax implications for investors.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Short-Term Capital Gains (STCG): The government taxes profits from selling within a year at a flat rate of 15%.<\/li>\n\n\n\n<li>Long-Term Capital Gains (LTCG): If gains exceed \u20b91 lakh from holding for over a year, they are taxed at 10%.<\/li>\n\n\n\n<li>Dividend taxation: Dividends from such funds are taxed in the investor&#8217;s hands, with tax withheld by the mutual fund.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"11-conclusion\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In summary, investing in index mutual funds linked to the Nifty India Manufacturing Index can be a smart move for those interested in India&#8217;s manufacturing sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, it&#8217;s crucial to weigh the pros and cons against your financial goals, risk tolerance, and investment horizon. The index isn&#8217;t just numbers; it represents India&#8217;s industrial ambitions, innovation, and growth in the manufacturing sector.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"12-faqs%C2%A0-nifty-manufacturing-index\"><span class=\"ez-toc-section\" id=\"FAQs_Nifty_Manufacturing_Index\"><\/span>FAQs|\u00a0 Nifty Manufacturing Index<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1716271487779\"><strong class=\"schema-faq-question\">What is the NIFTY manufacturing index?<\/strong> <p class=\"schema-faq-answer\">The NIFTY Manufacturing Index tracks the performance of companies from the manufacturing sector within the Nifty 100, Midcap 150, and Smallcap 50 indices.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1716271500755\"><strong class=\"schema-faq-question\">What do you mean by the NIFTY index?<\/strong> <p class=\"schema-faq-answer\">The NIFTY index is a stock market index representing the weighted average of the top 50 companies listed on the National Stock Exchange of India.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1716271511075\"><strong class=\"schema-faq-question\">How many companies are part of Nifty index?<\/strong> <p class=\"schema-faq-answer\">There are 50 companies that form part of the Nifty index, selected across various sectors in India.<\/p> <\/div> <\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Source-<\/strong><a href=\"https:\/\/www.niftyindices.com\/docs\/default-source\/indices\/nifty-india-manufacturing\/nifty-india-manufacturing_final.pdf?sfvrsn=7c929634_4\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"> <mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">niftyindices.com<\/mark><\/a>, <a href=\"https:\/\/www.niftyindices.com\/indices\/equity\/thematic-indices\/nifty-india-manufacturing\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">niftyindices.com<\/mark><\/a>, <a href=\"https:\/\/www.livemint.com\/mutual-fund\/your-questions-answered-what-is-the-nifty-india-manufacturing-index-and-how-are-they-taxed-mutual-funds-index-funds-11714989433604.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">livemint.com<\/mark><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">______________________________________________________________________________________<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/shoonya.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Disclaimer<\/mark><\/a>: Investments in the securities market are subject to market risks; read all the related documents carefully before 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The Sensex includes shares of 30 firms listed on the BSE, while the Nifty comprises 50 shares listed on the NSE. However, there is a specific index that keeps a check on the manufacturing sector. The Nifty Manufacturing Index &hellip; <a href=\"https:\/\/shoonya.com\/blog\/nifty-manufacturing-index\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Everything You Need To Know About Nifty Manufacturing Index&#8221;<\/span><\/a><\/p>\n","protected":false},"author":16,"featured_media":7725,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[47],"tags":[3982,3981,3983],"class_list":["post-7723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nifty","tag-nifty-india-manufacturing-index","tag-nifty-manufacturing-index","tag-nifty-manufacturing-index-key-features"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nifty Manufacturing Index | Meaning and 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