The NIFTY 50 index is National Stock Exchange of India's benchmark broad based stock market index for the Indian equity market. It represents the weighted average of 50 Indian company stocks in 12 sectors and is one of the two main stock indices used in India, the other being the BSE sensex.
Nifty is owned and managed by India Index Services and Products (IISL), which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited. IISL had a marketing and licensing agreement with Standard & Poor's for co-branding equity indices until 2013. The Nifty 50 was launched on 21st April 1996, and is one of the many stock indices of Nifty.
NIFTY 50 Index 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). NIFTY 50 is the world's most actively traded contract. WFE, IOMA and FIA surveys endorse NSE's leadership position.
The NIFTY 50 covers 12 sectors (as on Oct 7, 2017) of the Indian economy and offers investment managers exposure to the Indian market in one portfolio. During 2008-12, NIFTY 50 50 Index share of NSE market capitalisation fell from 65% to 29% due to the rise of sectoral indices like NIFTY Bank, NIFTY IT, NIFTY Pharma, NIFTY SERV SECTOR, NIFTY Next 50, etc. The NIFTY 50 Index gives 29.70% weightage to financial services, 0.73% weightage to industrial manufacturing and nil weightage to agricultural sector.
The NIFTY 50 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 Exchange Equity Market Segment. The base value of the index has been set at 1000 and a base capital of Rs 2.06 trillion.
Video NIFTY 50
Components
List of 50 companies that form part of NIFTY 50 Index as in January 2018:
Maps NIFTY 50
Major falls
Following are some of the notable single-day falls of the NIFTY 50 Index -
All Time High
- All time intraday high was 11,171.50 on January 29, 2018
- All Time Closing High was 11,130.40 on January 29, 2018
NIFTY Next 50
NIFTY Next 50, also called NIFTY Junior, is an index of 50 companies whose free float market capitalization comes after that of the companies in NIFTY 50. NIFTY Next 50 constituents are thus potential candidates for future inclusion in NIFTY 50.
- Components
See also
- India Index Services and Products Ltd
- CRISIL
- National Stock Exchange of India
References
External links
- Products linked to CNX Nifty Index
- Historical CNX Nifty Index values
- Bloomberg page for NIFTY:IND
Source of article : Wikipedia
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