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NSE Nifty Junior Index |
NSE Nifty Junior Index
The next rung of liquid securities after S&P CNX
Nifty is the CNX Nifty Junior index. It may be useful to think
of the S&P CNX Nifty and the CNX Nifty Junior as making
up the 100 most liquid stocks in India.
As with the S&P CNX Nifty, stocks in the CNX Nifty
Junior are filtered for liquidity, so they are the most
liquid of the stocks excluded from the S&P CNX Nifty.
The maintenance of the S&P CNX Nifty and the CNX Nifty
Junior are synchronised so that the two indexes will
always be disjoint sets; i.e. a stock will never appear
in both indexes at the same time. Hence it is always
meaningful to pool the S&P CNX Nifty and the CNX Nifty
Junior into a composite 100 stock index or portfolio.
The main features of the CNX Nifty Junior Index are:
- CNX Nifty Junior represents about 10% of the
total market capitalisation as on August 31, 2004
- The average traded value for the last six months
of all Junior Nifty stocks is approximately 8% of
the traded value of all stocks on the NSE
- Impact cost for CNX Nifty Junior for a portfolio
size of Rs.2.50 million is 0.30%
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Now you can Profitably Trade the NSE Nifty futures contract with
the help of our:
-
Futures Trading Newsletter for short term
overnight trading of the NSE Nifty Futures Contract.
-
Futures Day Trading Newsletter for intra-day
trading of the NSE Nifty Futures Contract.
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