S&P CNX Nifty
| Foundation | 1995 |
|---|---|
| Operator | India Index Services and Products |
| Constituents | 51 |
| Type | Large cap |
| Market cap | INR billion (2014) |
| Weighting method | Capitalization-weighted |
| Website | Official home page |
The NIFTY 50 index is 's benchmark for Indian equity market. Nifty is owned and managed by India Index Services and Products (IISL), which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited. IISL had a marketing and licensing agreement with Standard & Poor's for co-branding equity indices until 2013.
NIFTY 50 Index has shaped up as a largest single financial product in India, with an ecosystem comprising: exchange traded funds (onshore and offshore), exchange-traded futures and options (at in India and at SGX and CME abroad), other index funds and OTC derivatives (mostly offshore).NIFTY 50 is the world’s most actively traded contract. WFE, IOMA and FIA surveys endorse NSE’s leadership position.
The NIFTY 50 covers 22 sectors of the Indian economy and offers investment managers exposure to the Indian market in one portfolio. During 2008-12, NIFTY 50 50 Index share of NSE market capitalisation fell from 65% to 29% due to the rise of sectoral indices like NIFTY Bank, NIFTY IT, NIFTY Next 50, etc. The NIFTY 50 Index gives 29.70% weightage to financial services, 0.73% weightage to industrial manufacturing and nil weightage to agricultural sector.
The NIFTY 50 index is a free float market capitalisation weighted index. The index was initially calculated on full market capitalisation 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 National Stock Exchange Equity Market Segment. The base value of the index has been set at 1000, and a base capital of Rs 2.06 trillion.
Formerly known as the S&P CNX Nifty Index, it was renamed in 2013 with the expiration of agreement between IISL and Standard and Poor’s Financial Service on 31st Jan 2013.
List of 50 companies that form part of NIFTY 50 Index as on 11 March 2016:
On the following dates, the NIFTY 50 index suffered major single-day falls (of 150 or more points)
- All time high of Nifty was at 9119.20 on March 04, 2015
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