Technical Analysis of Indian stock market NSE S&P
CNX Nifty 50 Index
The NSE S&P CNX Nifty 50 index is a well diversified 50 stock index
accounting for 24 sectors of the economy. It is used for
a variety of purposes such as benchmarking fund
portfolios, index based derivatives and index funds.
Technical Analysis of Indian stock market NSE S&P CNX
Nifty 50 Index
NSE S&P CNX Nifty 50 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 focussed upon the index as a core
product. IISL have a consulting and licensing agreement
with Standard & Poor's (S&P), who are world leaders in
The main features of the NSE S&P CNX Nifty 50 index are:
- The average total traded value for the last six
months of all Nifty stocks is approximately 77% of
the traded value of all stocks on the NSE
- Nifty stocks represent about 61% of the total
market capitalisation as on August 31, 2004.
- Impact cost of the S&P CNX Nifty for a portfolio
size of Rs.5 million is 0.10%
- S&P CNX Nifty is professionally maintained and
is ideal for derivatives trading.