Nifty 50
The NIFTY 50 index National Stock Exchange of India's benchmark broad based stock market index for the Indian equity market. Full form of NIFTY is National Index Fifty. It represents the weighted average of 50 Indian company stocks in 13[1] sectors and is one of the two main stock indices used in India, the other being the BSE Sensex.[2]
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. The Nifty 50 was launched 1 April 1996, and is one of the many stock indices of Nifty.
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 options at the NSE in India[3], and futures and options abroad at the SGX.[4] NIFTY 50 is the world's most actively trade contract. WFE, IOMA and FIA surveys endorse NSE's leadership position.[5]
The NIFTY 50 covers 13 sectors (as of 31 October 2019) of the Indian economy and offers investment managers exposure to the Indian market in one portfolio. During 2008–12, NIFTY 50 Index share of NSE market capitalisation fell from 65% to 29%[6] due to the rise of sectoral indices like NIFTY Bank, NIFTY IT, NIFTY Pharma, NIFTY SERV SECTOR, NIFTY Next 50, etc. The NIFTY 50 Index gives weightage of 39.47% to financial services, 15.31% to Energy, 13.01% to IT, 12.38% to Consumer Goods, 6.11 to Automobile and nil to agricultural sector.[7]
The NIFTY 50 index is a free float market capitalisation weighted index. The index was initially calculated on full market capitalisation methodology. From 26 June 2009, the computation was changed to a free-float methodology. The base period for the CNX Nifty index is 3 November 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.[8] [9] In February 2019, Britannia Industries entered into Nifty 50 by replacing Hindustan Petroleum Corporation Ltd. HPCL will move into Nifty Next 50[10] From 27 September, Nestle India will be included in NSE Nifty 50 Index and Nifty 50 Equal Weight Index. It will be replacing Indiabulls Housing Finance Ltd
ليست هناك تعليقات:
إرسال تعليق