S&P CNX 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.
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.
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The total traded value for the last six months of all Nifty stocks is approximately 48% of the traded value of all stocks on the NSE
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Nifty stocks represent about 56% of the Free Float Market Capitalization as on Sep 30, 2010.
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Impact cost of the S&P CNX Nifty for a portfolio size of Rs.50 lakhs is 0.06%.
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S&P CNX Nifty is professionally maintained and is ideal for derivatives trading
From June 26, 2009, S&P CNX Nifty is computed based on free float methodology.
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