Saturday, February 21, 2009

What is S&P CNX Nifty - Introduction to Nifty

S&P CNX NiftyNifty Watch

S&P CNX Nifty is a well diversified 50 stock index accounting for 22 sectors of the economy. It is used for a variety of purposes such as benchmarking fund portfolios, index based derivatives and index funds.

S&P CNX 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 specialised company focused upon the index as a core product. IISL has a Marketing and licensing agreement with Standard & Poor's (S&P), who are world leaders in index services.

  • The average total traded value for the last six months of all Nifty stocks
    is approximately 62.45% of the traded value of all stocks on the NSE
  • Nifty stocks represent about 63.98% of the total market capitalization as on
    Jan. 30, 2009.
  • Impact cost of the S&P CNX Nifty for a portfolio size of Rs.2 crore is 0.16%
  • S&P CNX Nifty is professionally maintained and is ideal for derivatives trading
  • Nifty Stocks List