what is nifty
what is nifty
what is nifty
what is nifty
what is nifty
what is nifty

What is Nifty ?

The CNX Nifty, also called the Nifty 50 or simply the Nifty, is a stock market index and benchmark index for Indian equity market. Nifty is owned and managed by India Index Services and Products Ltd. (IISL), which is a joint venture between NSE and CRISIL (Credit Rating and Information Services of India Ltd). IISL is India's first specialized company focused upon the index as a core product. IISL has a marketing and licensing agreement with Standard & Poor's for co-branding equity indices. 'CNX' in its name stands for 'CRISIL NSE Index'.

CNX Nifty has shaped up as the 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).

The CNX Nifty covers 22 sectors of the Indian economy and offers investment managers exposure to the Indian market in one portfolio. The CNX Nifty stocks represents about 67.27% of the free float market capitalization of the stocks listed at National Stock Exchange (NSE) as on September 30, 2012.

The CNX Nifty index is a free float market capitalization weighted index. The index was initially calculated on full market capitalization 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 NSE's Capital Market Segment. The base value of the index has been set at 1000, and a base capital of Rs 2.06 trillion.[1] The CNX Nifty Index was developed by Ajay Shah and Susan Thomas. The CNX Nifty currently consists of the following 50 major Indian companies:

Here is the list of 50 companies that form part of CNX Nifty Index :

Company Name

Industry

Symbol

ACC Ltd.

CEMENT AND CEMENT PRODUCTS

ACC

Ambuja Cements Ltd.

CEMENT AND CEMENT PRODUCTS

AMBUJACEM

Asian Paints Ltd.

PAINTS

ASIANPAINT

Axis Bank Ltd.

BANKS

AXISBANK

Bajaj Auto Ltd.

AUTOMOBILES - 2 AND 3 WHEELERS

BAJAJ-AUTO

Bank of Baroda

BANKS

BANKBARODA

Bharat Heavy Electricals Ltd.

ELECTRICAL EQUIPMENT

BHEL

Bharat Petroleum Corporation Ltd.

REFINERIES

BPCL

Bharti Airtel Ltd.

TELECOMMUNICATION - SERVICES

BHARTIARTL

Cairn India Ltd.

OIL EXPLORATION/PRODUCTION

CAIRN

Cipla Ltd.

PHARMACEUTICALS

CIPLA

Coal India Ltd.

MINING

COALINDIA

DLF Ltd.

CONSTRUCTION

DLF

Dr. Reddy's Laboratories Ltd.

PHARMACEUTICALS

DRREDDY

GAIL (India) Ltd.

GAS

GAIL

Grasim Industries Ltd.

CEMENT AND CEMENT PRODUCTS

GRASIM

HCL Technologies Ltd.

COMPUTERS - SOFTWARE

HCLTECH

HDFC Bank Ltd.

BANKS

HDFCBANK

Hero MotoCorp Ltd.

AUTOMOBILES - 2 AND 3 WHEELERS

HEROMOTOCO

Hindalco Industries Ltd.

ALUMINIUM

HINDALCO

Hindustan Unilever Ltd.

DIVERSIFIED

HINDUNILVR

Housing Development Finance Corporation Ltd.

FINANCE - HOUSING

HDFC

I T C Ltd.

CIGARETTES

ITC

ICICI Bank Ltd.

BANKS

ICICIBANK

IDFC Ltd.

FINANCIAL INSTITUTION

IDFC

IndusInd Bank Ltd.

BANKS

INDUSINDBK

Infosys Ltd.

COMPUTERS - SOFTWARE

INFY

Jaiprakash Associates Ltd.

CONSTRUCTION

JPASSOCIAT

Jindal Steel & Power Ltd.

STEEL AND STEEL PRODUCTS

JINDALSTEL

Kotak Mahindra Bank Ltd.

BANKS

KOTAKBANK

Larsen & Toubro Ltd.

ENGINEERING

LT

Lupin Ltd.

PHARMACEUTICALS

LUPIN

Mahindra & Mahindra Ltd.

AUTOMOBILES - 4 WHEELERS

M&M

Maruti Suzuki India Ltd.

AUTOMOBILES - 4 WHEELERS

MARUTI

NMDC Ltd.

MINING

NMDC

NTPC Ltd.

POWER

NTPC

Oil & Natural Gas Corporation Ltd.

OIL EXPLORATION/PRODUCTION

ONGC

Power Grid Corporation of India Ltd.

POWER

POWERGRID

Punjab National Bank

BANKS

PNB

Ranbaxy Laboratories Ltd.

PHARMACEUTICALS

RANBAXY

Reliance Industries Ltd.

REFINERIES

RELIANCE

Reliance Infrastructure Ltd.

POWER

RELINFRA

Sesa Goa Ltd.

MINING

SESAGOA

State Bank of India

BANKS

SBIN

Sun Pharmaceutical Industries Ltd.

PHARMACEUTICALS

SUNPHARMA

Tata Consultancy Services Ltd.

COMPUTERS - SOFTWARE

TCS

Tata Motors Ltd.

AUTOMOBILES - 4 WHEELERS

TATAMOTORS

Tata Power Co. Ltd.

POWER

TATAPOWER

Tata Steel Ltd.

STEEL AND STEEL PRODUCTS

TATASTEEL

UltraTech Cement Ltd.

CEMENT AND CEMENT PRODUCTS

ULTRACEMCO