INDEX : NIFTY 50 (NSE INDEX FIFTY)
The Present NIFTY 50 index is National Stock Exchange of India’s benchmark stock market index for Indian Equity Market. NIFTY 50 CONSTRUCTED date was Nov 3, 1995 with 1000 base points and base capitalization was as on the day 2,06,000 crores , these 50 stocks they taken from 24 sectors and it calculated on full market capitalization methodology.Nov 3, 1995 Nifty 50 was called as S&P CNX NIFTY because for the construction of Nifty, beginning we taken technical assistance from the S&P DJI (S&P Dow Jones Indices). To construct S&P CNX Nifty, NSE and CRISIL started a Joint venture company i.e., IISL (India index service and products Ltd).
S&P : Standard & Poor (American rating company, beginning we taken technical assistance from S&P)
CNX : ‘C’ Stands for CRISIL and NX Stands for NSE (CNX is the brand name of the NIFTY )
NIFTY : NSE INDEX FIFTY
The index S&P CNX NIFTY, at present it is called as NIFTY 50, was initially (Nov 03, 1995) calculated on total market capitalisation methodology. From June 26, 2009, the computation was changed to free float methodology.
S&P DJI and NSE licensing agreement has expired with effect from 31 January 2013, Following the expiry of licensing pact, S&P CNX Nifty Index has been renamed as CNX Nifty Index from 12th February, 2013 Tuesday on wards.
CRISIL said on Aug 27, 2013 : CRISIL will be selling its equity stake in India Index Services & Products Limited (IISL), comprising 6,37,000 equity shares of face value Rs.10 each and representing 49% of the total equity share capital of IISL to NSE Strategic Investment Corporation Limited, for a total consideration of Rs.100 crore.
Nov 9, 2015 Starting on Monday, the National Stock Exchange (NSE) announced that its indices CNX Nifty will be known as Nifty 50 that means NSE’s flagship CNX Nifty Index re-branded as NIFTY 50 and at present Nifty is owned and managed by India Index Services and Products Ltd (IISL), which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited.
NOTE:- 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 atarax pris.
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