NSE IT SECTOR
NCFM Training in Hyderabad : NSE IT SECTOR : AS Chakravarthy,
Information Technology (IT) industry has played a major role in the Indian economy. In order to have a good benchmark of the Indian IT sector, IISL has developed the Nifty IT sector index. Nifty IT provides investors and market intermediaries with an appropriate benchmark that captures the performance of the IT segment of the market.
Companies in this index are those that have more than 50% of their turnover from IT related activities like IT Infrastructure , IT Education and Software Training , Telecommunication Services and Networking Infrastructure, Software Development, Hardware Manufacturer’s, Vending, Support and Maintenance.
Effective May 29, 2015, the index is computed with 10 companies and weights of each company in the index are capped at 25%. At the time of rebalancing of shares/ change in index constituents/ change in investable weight factors (IWFs), the weightage of the index constituent (where applicable) is capped at 25%. Weightage of such stock may increase beyond 25% between the rebalancing periods.
The Nifty and NSE IT Index represents about 12.15% of the free float market capitalization of the stocks listed on NSE and 91.9% of the free float market capitalization of the stocks forming part of the IT sector as on March 31, 2016.
The total traded value for the last six months ending March 2016 of all index constituents is approximately 7% of the traded value of all stocks on the NSE and 69.9% of the traded value of the stocks forming part of the IT sector.TO KNOW OUR Stock Market Course Training in Hyderabad, Telangana Please Visit AS Chakravarthy NCFM Academy Hyderabad.
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Sources : NSE