- S&P CNX Nifty
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This article is about the Indian stock market index. For the set of 50 American large cap stocks, see Nifty Fifty.
The Standard & Poor's CRISIL NSE Index 50 or S&P CNX Nifty nicknamed Nifty 50 or simply Nifty (NSE: ^NSEI), is the leading index for large companies on the National Stock Exchange of India. The Nifty is a well diversified 50 stock index accounting for 23 sectors of the economy. It is used for a variety of purposes such as benchmarking fund portfolios, index based derivatives and index funds. Nifty is owned and managed by India Index Services and Products Ltd. (IISL), which is a joint venture between NSE and CRISIL. IISL is India's first specialized company focused upon the index as a core product. IISL has a marketing and licensing agreement with Standard & Poor's.
Nifty has shaped up as the largest single financial product in India, with an ecosystem comprising: exchange traded funds (onshore and offshore), exchange-traded futures and options (at NSE in India and at SGX and CME abroad), other index funds and OTC derivatives (mostly offshore).
The S&P CNX Nifty covers 23 sectors of the Indian economy and offers investment managers exposure to the Indian market in one portfolio.The S&P CNX Nifty stocks represent about 60% of the total market capitalization of the National Stock Exchange (NSE).
Graph of S&P CNX Nifty from January 1997 to March 2011
The index is a free float market capitalisation weighted index. From inception, the index used full market capitalisation as weight assigned to different constituents. From June 26, 2009, the index is computed based on free float methodology. As of November 2010, top four scrips in the index (Reliance Industries, Infosys Technologies, ICICI Bank and Larsen & Toubro) account for about one third of the weight in the index whereas the top eight scrips account for about half the weightage in the index.
The base period for the S&P CNX Nifty index is November 3, 1995, which marked the completion of one year of operations of NSE's Capital Market Segment. The base value of the index has been set at 1000, and a base capital of Rs 2.06 trillion[1].
The S&P CNX Nifty Index was developed by Ajay Shah[2] and Susan Thomas.
See also
References
External links
- Official Homepage
- List of historical changes to constituent list
- Summary for S&P CNX Nifty - Performance and statistics from Yahoo! Finance
- http://www2.standardandpoors.com/spf/pdf/index/CNX_Nifty_Methodology.pdf
- SGX Nifty Live
- Nifty Options Trading website
Major Asian stock market indexes East Asia CSI 300 • Hang Seng • KOSPI • Nikkei 225 • SSE Composite • SZSE Component • Taiwan Weighted • Topix
South Asia BSE SENSEX • KSE 100 • S&P CNX Nifty
Southeast Asia JSX Composite • KLCI • PSEi • STI • SET Index (SET50/SET100)
Western Asia ASE Weighted • DFM Index • TASI • TA-100
ACC · Bajaj Auto · BHEL · Bharat Petroleum · Bharti Airtel · Cipla · Dabur · Dr. Reddy's Laboratories · GAIL · GlaxoSmithKline · Grasim Industries · Gujarat Ambuja Cements · HCL Technologies · HDFC · HDFC Bank · Hero MotoCorp · Hindalco Industries · HLL · Hindustan Petroleum · ICICI Bank · Indian Petrochemicals · Infosys · Jet Airways · ITC Limited · L&T · MTNL · Mahindra & Mahindra · Mahindra Satyam · Maruti Udyog · National Aluminium Company · NIIT · ONGC · Oriental Bank of Commerce · PNB · Ranbaxy Laboratories · Reliance Communications · Reliance Energy · Reliance Industries · Siemens · SBI · SAIL · Sun Pharmaceutical · Suzlon · TCS · Tata Motors · Tata Power · Tata Steel · VSNL · Wipro · Zee
Categories:- Asian stock market indices
- S&P
- Indian stock market indices
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