S&P CNX Nifty

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Nifty is also an adjective of 18th century American theatrical origin, possibly a shortening of "magnificat", and meaning "really good".

The S&P CNX Nifty, or simply Nifty, is the leading index for large companies on the National Stock Exchange of India. It consists of 50 companies representing 24 sectors of the economy, and representing approximately 47% of the traded value of all stocks on the National Stock Exchange of India. The S&P CNX Nifty is owned and operated by India Index Services and Products Ltd. It is quoted using the symbol NSEI.

It is calculated as a weighted average, so changes in the share price of larger companies have more effect. The base is defined as 1000 at the price level of November 3, 1995, at which time the total capitalisation was Rs.2,060,000 million. As on October 27 2006, its value was 3739.

[edit] Criteria for inclusion

  • Average market capitalisation of Rs.5,000 million or more during the last six months.
  • Liquidity: Cost of transaction (impact cost) of less than 0.75% for more than 90% of trades, over six months.
  • At least 12% floating stock (not held by promoters of the company or their associates).

The Nifty has touched 3750 as a record mark.

[edit] Market Capitalisation

This is a chart of companies listed in the S&P CNX Nifty index by market capitalisation as of 29 April 2006 with figures in millions of Indian Rupees.

Rank Company Market Capitalisation
— Total 16,638,550
1 Oil and Natural Gas Corporation 1,864,840
2 Reliance Industries 1,425,490
3 Tata Consultancy Services 968,510
4 Infosys Technologies 874,710
5 Bharti Tele-Ventures 772,640
6 Wipro Technologies 767,120
7 ITC 765,120
8 Hindustan Lever 638,300
9 Bharat Heavy Electricals 577,170
10 ICICI Bank 526,580
11 State Bank of India 480,560
12 Larsen and Toubro 374,230
13 Tata Motors 364,330
14 Tata Steel 357,460
15 Steel Authority of India 346,950
16 Housing Development Finance Corporation 327,370
17 Bajaj Auto 304,670
18 Maruti Udyog 267,990
19 Hindalco Industries 260,290
20 HDFC Bank 258,590
21 Satyam Computer Services 246,280
22 Gas Authority of India 244,520
23 Grasim Industries 230,740
24 National Aluminium Corporation 205,530
25 Chemical, Industrial and Pharmaceutical Laboratories 197,480
26 Associated Cement Companies 188,960
27 HCL Technologies 185,600
28 Ranbaxy Laboratories 176,050
29 Hero Honda Motors 168,900
30 Gujarat Ambuja Cement 167,950
31 Sun Pharmaceutical Industries 160,860
32 Mahindra and Mahindra 152,550
33 Punjab National Bank 136,490
34 Mahanagar Telephone Nigam 136,080
35 ABB 132,030
36 Bharat Petroleum 131,420
37 Videsh Sanchar Nigam 125,610
38 Reliance Energy 124,260
39 GlaxoSmithKline Pharmaceuticals 119,380
40 Dr.Reddy's Laboratories 109,740
41 Tata Power 109,390
42 Zee Telefilms 109,310
43 Hindustan Petroleum 108,640
44 Dabur 91,180
45 Jet Airways 83,200
46 Indian Petrochemicals Corporation 67,600
47 Oriental Bank of Commerce 58,380
48 Tata Chemicals 55,530
49 Tata Tea 46,990
50 Shipping Corporation of India 44,980

[edit] External links

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