SEBI raises Bank Nifty constituents, limits top stock weight to enhance index stability

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According to SEBI’s report, non-benchmark indices (NBIs) will now require a minimum of 14 constituents, up from the current 12. The weight of the top constituent has been capped at 20 per cent, reduced from 33 per cent. Further, the combined weight of the top three constituents cannot exceed 45 per cent, down from 62 per cent.