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VOL. 2, ISSUE 5 (2017)
The Journey of Nifty-Fifty
Authors
Serah Sudhin
Abstract
The CNX Nifty is a well diversified 50 (actually 51) 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. 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. The CNX Nifty Index represents about 65.87% of the free float market capitalization of the stocks listed on NSE as on December 31, 2012.The total traded value for the last six months ending December 2012 of all index constituents is approximately 50.23% of the traded value of all stocks on the NSE. Impact cost of the CNX Nifty for a portfolio size of Rs.50 lakh is 0.06% for the month December 2012.CNX Nifty is professionally maintained and is ideal for derivatives trading. From June 26, 2009, CNX Nifty is computed based on free float methodology. The purpose of this paper is to take the reader through the highs and highs of the growth story of Nifty from 1000 to 10000.
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Pages:409-412
How to cite this article:
Serah Sudhin "The Journey of Nifty-Fifty". International Journal of Academic Research and Development, Vol 2, Issue 5, 2017, Pages 409-412
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