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Insurance, Mutual Funds, Sensex, Nifty, Financial Planning
This is National Stock Exchange’s Fifty Share’s Index. Thus called so.
It is the benchmark reference of NSE (National Stock Exchange) similar to BSE’s sensex
The S&P CNX Nifty (Standard & Poor’s CRISIL NSE Index 50 nicknamed Nifty 50 or simply Nifty) (Ticker NSE:^NSEI), is the leading index for large companies on the National Stock Exchange of India. 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.
(The ‘Nifty 50’ nickname should not be confused with the Nifty 50 set of 50 leading stocks on the New York Stock Exchange in the 1970s.)
Ownership and management
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 licensing and marketing agreement with Standard & Poor’s (S&P), who are world leaders in index services.
CNX stands for CRISIL NSE Indices. CNX ensures common branding of indices, to reflect the identities of both the promoters, i.e. NSE and CRISIL. Thus, ‘C’ stands for CRISIL, ‘N’ stands for NSE and X stands for Exchange or Index. The S&P prefix belongs to the US-based Standard & Poor’s Financial Information Services.
o The average total traded value for the last six months of all Nifty stocks is approximately 43.72% of the traded value of all stocks on the NSE.
o Nifty stocks represent about 55.78% of the total market capitalization as on June 29, 2007.
o Impact cost of the S&P CNX Nifty for a portfolio size of Rs.5 million is 0.06%
o S&P CNX Nifty is professionally maintained and is ideal for derivatives trading. It is quoted using the symbol NSEI.
It is calculated as a weighted average, so changes in the share price of larger companies have more effect. The base is defined as 1000 at the price level of November 3, 1995, at which time the total capitalisation was Rs.2,060,000 million. As on September 27 2007, Index’s value is 5000.55. The Nifty crossed the 6000 points milestone on November 1, 2007.
Criteria for inclusion
* Average market capitalisation of Rs.5,000 million or more during the last six months.
* Liquidity: Cost of transaction (impact cost) of less than 0.75% for more than 90% of trades, over six months.
* At least 10% floating stock (not held by promoters of the company or their associates).
The Nifty has crossed 5000 as a record mark.
List of stocks in nifty :
Hope this information was useful to u….
i wish u good luck…!!!!!!!
NIFTY is Neat Informative Feasibly Timely Yours. that is concerned for shares. Neat and informative because you have a check on the listed prices & companies, and the remaining is you have any time option for selling the shares for your any time need.
trade & learn NIFTY
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