NSE Industry Classification System

There are two major stock exchanges In India National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Both the exchanges Since November 2022 follow the NSE Indices industry classification System. NSE Industry Classification System is a 4 tier structure.

• Macro-Economic Sector: Indicates business activity of a company at the macro level

• Sector: Indicates specific sector of a company

• Industry: This level would indicate the industry classification of the company

• Basic Industry: This is a micro-level classification to indicate the core business activities carried on by the company

It consists of 12 Macro-Economic Sectors, 22 Sectors, 59 Industries and 197 Basic Industries.

NSE Industry Classification system Explainer