About S&P CNX Nifty (Nifty 50)

by Asia News on September 27, 2011

S&P CNX Nifty nicknamed Nifty 50 or simply Nifty is the leading index for large companies on the National Stock Exchange of India.

It is a well diversified 50 stock index accounting for 23 sectors of the economy.

It is used for a variety of purposes such as benchmarking fund portfolios, index based derivatives and index funds.

Nifty is owned and managed by India Index Services and Products Ltd. (IISL), which is a joint venture between NSE and CRISIL.

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 S&P CNX Nifty stocks represent about 60% of the total market capitalization of the National Stock Exchange (NSE).

The index is a free float market capitalisation weighted index.

The base period for the S&P 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

The S&P CNX Nifty Index was developed by Ajay Shah and Susan Thomas.

List of Stocks / shares in S&P CNX Nifty :

Company Name Industry Symbol
ABB Ltd. ELECTRICAL EQUIPMENT ABB
ACC Ltd. CEMENT AND CEMENT PRODUCTS ACC
Ambuja Cements Ltd. CEMENT AND CEMENT PRODUCTS AMBUJACEM
Axis Bank Ltd. BANKS AXISBANK
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
DLF Ltd. CONSTRUCTION DLF
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 Honda Motors Ltd. AUTOMOBILES – 2 AND 3 WHEELERS HEROHONDA
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
Idea Cellular Ltd. TELECOMMUNICATION – SERVICES IDEA
Infosys Technologies Ltd. COMPUTERS – SOFTWARE INFOSYSTCH
Infrastructure Development Finance Co. Ltd. FINANCIAL INSTITUTION IDFC
Jaiprakash Associates Ltd. DIVERSIFIED JPASSOCIAT
Jindal Steel & Power Ltd. STEEL AND STEEL PRODUCTS JINDALSTEL
Larsen & Toubro Ltd. ENGINEERING LT
Mahindra & Mahindra Ltd. AUTOMOBILES – 4 WHEELERS M&M
Maruti Suzuki India Ltd. AUTOMOBILES – 4 WHEELERS MARUTI
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 Capital Ltd. FINANCE RELCAPITAL
Reliance Communications Ltd. TELECOMMUNICATION – SERVICES RCOM
Reliance Industries Ltd. REFINERIES RELIANCE
Reliance Infrastructure Ltd. POWER RELINFRA
Reliance Power Ltd. POWER RPOWER
Siemens Ltd. ELECTRICAL EQUIPMENT SIEMENS
State Bank of India BANKS SBIN
Steel Authority of India Ltd. STEEL AND STEEL PRODUCTS SAIL
Sterlite Industries (India) Ltd. METALS STER
Sun Pharmaceutical Industries Ltd. PHARMACEUTICALS SUNPHARMA
Suzlon Energy Ltd. ELECTRICAL EQUIPMENT SUZLON
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
Unitech Ltd. CONSTRUCTION UNITECH
Wipro Ltd. COMPUTERS – SOFTWARE WIPRO
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