NIFTY 50: Difference between revisions
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Nifty is owned and managed by [[India Index Services and Products|India Index Services and Products Ltd.]] ([[India Index Services and Products|IISL]]), which is a joint venture between [[National Stock Exchange of India|NSE]] and [[CRISIL]] (Credit Rating and Information Services of India Ltd). [[India Index Services and Products|IISL]] is India's first specialized company focused upon the index as a core product. [[India Index Services and Products|IISL]] has a marketing and licensing agreement with [[Standard & Poor's]] for co-branding equity indices. 'CNX' in its name stands for 'CRISIL NSE Index'. |
Nifty is owned and managed by [[India Index Services and Products|India Index Services and Products Ltd.]] ([[India Index Services and Products|IISL]]), which is a joint venture between [[National Stock Exchange of India|NSE]] and [[CRISIL]] (Credit Rating and Information Services of India Ltd). [[India Index Services and Products|IISL]] is India's first specialized company focused upon the index as a core product. [[India Index Services and Products|IISL]] has a marketing and licensing agreement with [[Standard & Poor's]] for co-branding equity indices. 'CNX' in its name stands for 'CRISIL NSE Index'. |
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CNX Nifty has shaped up as a largest single financial product in India, with an ecosystem comprising: exchange traded funds (onshore and offshore), exchange-traded futures and options (at [[National Stock Exchange of India|NSE]] in [[India]] and at [[SGX]] and [[CME]] abroad), other index funds and OTC derivatives (mostly offshore). |
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The CNX Nifty covers 22 sectors of the [[Indian economy]] and offers investment managers exposure to the Indian market in one portfolio. During 2008-12, CNX Nifty 50 Index share of NSE market capitalisation fell from 65% to 29%<ref>[http://www.sebi.gov.in/cms/sebi_data/attachdocs/1378192045802.pdf CNX Nifty loses importance to sectoral indices]</ref> due to the rise of sectoral indices like CNX Bank, CNX IT, CNX Mid Cap, etc. The CNX Nifty 50 Index gives 29.70% weightage to financial services, 0.73% weightage to industrial manufacturing and nil weightage to agricultural sector.<ref>[http://www.nseindia.com/content/indices/ind_cnx_nifty.pdf Sectoral weightage of CNX Nifty 50 Index]</ref> |
The CNX Nifty covers 22 sectors of the [[Indian economy]] and offers investment managers exposure to the Indian market in one portfolio. During 2008-12, CNX Nifty 50 Index share of NSE market capitalisation fell from 65% to 29%<ref>[http://www.sebi.gov.in/cms/sebi_data/attachdocs/1378192045802.pdf CNX Nifty loses importance to sectoral indices]</ref> due to the rise of sectoral indices like CNX Bank, CNX IT, CNX Mid Cap, etc. The CNX Nifty 50 Index gives 29.70% weightage to financial services, 0.73% weightage to industrial manufacturing and nil weightage to agricultural sector.<ref>[http://www.nseindia.com/content/indices/ind_cnx_nifty.pdf Sectoral weightage of CNX Nifty 50 Index]</ref> |
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Revision as of 09:47, 1 October 2013
The CNX Nifty, also called the Nifty 50 or simply the Nifty, is a stock market index and benchmark index for Indian equity market. Nifty is owned and managed by India Index Services and Products Ltd. (IISL), which is a joint venture between NSE and CRISIL (Credit Rating and Information Services of India Ltd). 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 for co-branding equity indices. 'CNX' in its name stands for 'CRISIL NSE Index'.
CNX Nifty has shaped up as a 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 CNX Nifty covers 22 sectors of the Indian economy and offers investment managers exposure to the Indian market in one portfolio. During 2008-12, CNX Nifty 50 Index share of NSE market capitalisation fell from 65% to 29%[1] due to the rise of sectoral indices like CNX Bank, CNX IT, CNX Mid Cap, etc. The CNX Nifty 50 Index gives 29.70% weightage to financial services, 0.73% weightage to industrial manufacturing and nil weightage to agricultural sector.[2]
The CNX Nifty index is a free float market capitalisation weighted index. The index was initially calculated on full market capitalisation methodology. From June 26, 2009, the computation was changed to free float methodology. The base period for the CNX Nifty index is November 3, 1995, which marked the completion of one year of operations of National Stock Exchital Market Segment. The base value of the index has been set at 1000, and a base capital of Rs 2.06 trillion.[3] The CNX Nifty Index was developed by Ajay Shah and Susan Thomas. The CNX Nifty currently consists of the following 50 major Indian companies:[4]
Here is the list of 50 companies that form part of CNX Nifty Index as on 1 April 2013:
| S.No. | Company Name |
|---|---|
| 01 | Acc Ltd |
| 02 | Ambuja Cements Ltd. |
| 03 | Asian Paints Ltd. |
| 04 | Axis Bank Ltd. |
| 05 | Bajaj Auto Ltd. |
| 06 | Bank of Baroda |
| 07 | Bharat Heavy Electricals Ltd. |
| 08 | Bharat Petroleum Corporation Ltd. |
| 09 | Bharti Airtel Ltd. |
| 10 | Cairn India Ltd. |
| 11 | Cipla Ltd. |
| 12 | Coal India Ltd. |
| 13 | DLF Ltd. |
| 14 | Dr. Reddy's Laboratories Ltd. |
| 15 | GAIL (India) Ltd. |
| 16 | Grasim Industries Ltd. |
| 17 | HCL Technologies Ltd. |
| 18 | HDFC Bank Ltd. |
| 19 | Hero MotoCorp Ltd. |
| 20 | Hindalco Industries Ltd. |
| 21 | Hindustan Unilever Ltd. |
| 22 | Housing Development Finance Corporation Ltd. |
| 23 | I T C Ltd. |
| 24 | ICICI Bank Ltd. |
| 25 | Infosys Ltd. |
| 26 | Infrastructure Development Finance Co. Ltd. |
| 27 | Jaiprakash Associates Ltd. |
| 28 | Jindal Steel & Power Ltd. |
| 29 | Kotak Mahindra Bank Ltd. |
| 30 | Larsen & Toubro Ltd. |
| 31 | Lupin Ltd. |
| 32 | Mahindra & Mahindra Ltd. |
| 33 | Maruti Suzuki India Ltd. |
| 34 | NTPC Ltd. |
| 35 | Oil & Natural Gas Corporation Ltd. |
| 36 | Power Grid Corporation of India Ltd. |
| 37 | Punjab National Bank |
| 38 | Ranbaxy Laboratories Ltd. |
| 39 | Reliance Industries Ltd. |
| 40 | Reliance Infrastructure Ltd. |
| 41 | Sesa Goa Ltd. |
| 42 | NMDC |
| 43 | State Bank of India |
| 44 | Sun Pharmaceutical Industries Ltd. |
| 45 | Tata Consultancy Services Ltd. |
| 46 | Tata Motors Ltd. |
| 47 | Tata Power Co. Ltd. |
| 48 | Tata Steel Ltd. |
| 49 | UltraTech Cement Ltd. |
| 50 | Indusind Bank |
Major falls
On the following dates, the CNX NIFTY index suffered major single-day falls (of 150 or more points)
- 16 Aug 2013 --- 234.45 Points(because of rupee depreciation) [5]
- 27 Aug 2013 --- 189.05 Points [6]
- 03 Sep Aug 2013 --- 209.30 Points
See also
References
- ^ CNX Nifty loses importance to sectoral indices
- ^ Sectoral weightage of CNX Nifty 50 Index
- ^ CNX Nifty Index Methodology
- ^ CNX Nifty. CNX Nifty. Retrieved February 14, 2012.
- ^ http://ibnlive.in.com/news/sensex-crashes-769-points-nifty-234-points-down/414676-7.html
- ^ http://www.thehindubusinessline.com/markets/sensex-crashes-590-points-on-heavy-fii-selling/article5064005.ece