NSE S&P CNX Nifty 50 Index
The NSE S&P CNX Nifty 50 index is a well
diversified 50 stock index accounting for 24
sectors of the economy. It is used for a
variety of purposes such as benchmarking
fund portfolios, index based derivatives and
index funds.
Technical Analysis of Indian stock market
NSE S&P CNX Nifty 50 Index
NSE S&P CNX Nifty 50 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 focussed upon the index as a core
product. IISL have a consulting and
licensing agreement with Standard & Poor's
(S&P), who are world leaders in index
services.
The main features of the NSE S&P CNX
Nifty 50 index are:
- The average total traded value for the
last six months of all Nifty stocks is
approximately 77% of the traded value of
all stocks on the NSE
- Nifty stocks represent about 61% of
the total market capitalisation as on
August 31, 2004.
- Impact cost of the S&P CNX Nifty for a
portfolio size of Rs.5 million is 0.10%
- S&P CNX Nifty is professionally
maintained and is ideal for derivatives
trading.
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