S&P CNX Nifty is a well diversified 50 stock index accounting for 21 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.
The traded value for the last six months of all Nifty stocks is approximately 44.89% of the traded value of all stocks on the NSE
- Nifty stocks represent about 58.64% of the total market capitalization as on March 31, 2008.
- Impact cost of the S&P CNX Nifty for a portfolio size of Rs.2 crore is 0.15%
- S&P CNX Nifty is professionally maintained and is ideal for derivatives trading
Source : NSE