National Stock Exchange

S&P CNX NIFTY: current 2524.20 %changes -2.31%
CNX NIFTY JUNIOR: current 3878.40 %change -5.51%
CNX IT :current 2380.90 change -1.43%
BANK NIFTY :current 4092.90 %change -5.04%
CNX 100 :current 2388.60%change -2.76%
S&P CNX DEFTY : current 1754.90 %change -1.98%
S&P CNX 500 : current 1973.70 %change -3.02%
CNX MIDCAP : current 3260.30 %change -4.43%
NIFTY MIDCAP 50 : current 1143.25 %change 3.95%
The National Stock Exchange of India Limited (NSE), is a Mumbai-based stock exchange. It is the largest stock exchange in India in terms of daily turnover and number of trades, for both equities and derivative trading.[1]. Though a number of other exchanges exist, NSE and the Bombay Stock Exchange are the two most significant stock exchanges in India, and between them are responsible for the vast majority of share transactions. The NSE's key index is the S&P CNX Nifty, known as the Nifty, an index of fifty major stocks weighted by market capitalisation. NSE is mutually-owned by a set of leading financial institutions, banks, insurance companies and other financial intermediaries in India but its ownership and management operate as separate entities[2]. As of 2006, the NSE VSAT terminals, 2799 in total, cover more than 1500 cities across India [3]. In October 2007, the equity market capitalization of the companies listed on the NSE was US$ 1.46 trillion, making it the second largest stock exchange in South Asia. NSE is the third largest Stock Exchange in the world in terms of the number of trades in equities.[4]It is the second fastest growing stock exchange in the world with a recorded growth of 16.6%.[5]


S&P CNX Nifty

S&P CNX Nifty is owned and managed by india index services and product ltd (IISL) , which is a joint venture between NSE and CRISIL. IISL is India's first specialised company focused upon the index as a core product. IISL has a Marketing and licensing agreement with Standard & Poor's (S&P), who are world leaders in index services. 1) The traded value for the last six months of all Nifty stocks is approximately 48.15% of the traded value of all stocks on the NSE 2) Nifty stocks represent about 59.32% of the total market capitalization as on June 30, 2008 3) Impact cost of the S&P CNX Nifty for a portfolio size of Rs.2 crore is 0.14% 4) S&P CNX Nifty is professionally maintained and is ideal for derivatives trading.

CNX IT INDEX

The index is a market capitalisation weighted index with its base period being December 1995 and the base date and base value being January 1, 1996 and 1,000 respectively.The Base Value of the index is being revised from 1000 to 100 w.e.f. 28 May 2004. 1) Company's market capitalisation rank in the universe should be less than 500 2) Company's turnover rank in the universe should be less than 500 3) Company's trading frequency should be at least 90% in the last six months 4) Company should have a positive networth.


CNX Nifty Junior


The next rung of liquid securities after S&P CNX Nifty is the CNX Nifty Junior. It may be useful to think of the S&P CNX Nifty and the CNX Nifty Junior as making up the 100 most liquid stocks in India.As with the S&P CNX Nifty, stocks in the CNX Nifty Junior are filtered for liquidity, so they are the most liquid of the stocks excluded from the S&P CNX Nifty. The maintenance of the S&P CNX Nifty and the CNX Nifty Junior are synchronised so that the two indices will always be disjoint sets; i.e. a stock will never appear in both indices at the same time. Hence it is always meaningful to pool the S&P CNX Nifty and the CNX Nifty Junior into a composite 100 stock index or portfolio.

CNX Bank Index



The Indian banking Industry has been undergoing major changes, reflecting a number of underlying developments. Advancement in communication and information technology has facilitated growth in internet-banking, ATM Network, Electronic transfer of funds and quick dissemination of information. Structural reforms in the banking sector have improved the health of the banking sector. The reforms recently introduced include the enactment of the Securitization Act to step up loan recoveries, establishment of asset reconstruction companies, initiatives on improving recoveries from Non-performing Assets (NPAs) and change in the basis of income recognition has raised transparency and efficiency in the banking system. Spurt in treasury income and improvement in loan recoveries has helped Indian Banks to record better profitability. In order to have a good benchmark of the Indian banking sector, India Index Service and Product Limited (IISL) has developed the CNX Bank Index The index is a market capitalization weighted index with base date of January 01, 2000, indexed to a base value of 1000.

CNX 100


CNX 100 is a diversified 100 stock index accounting for 35 sector of the economy.CNX 100 is owned and managed by India Index Services & Products Ltd. (IISL). Which is a joint venture between CRISIL & NSE. IISL is India’s first specialized company focused upon the index as a core products. IISL has a licensing & marketing agreement with Standard & Poor’s (S&P), who are leader’s in index services.


S&P CNX Defty


Almost every institutional investor and off-shore fund enterprise with an equity exposure in India would like to have an instrument for measuring returns on their equity investment in dollar terms. To facilitate this, a new index the S&P CNX Defty-Dollar Denominated S&P CNX Nifty has been developed.S&P CNX Defty is S&P CNX Nifty, measured in dollars. 1) Performance indicator to foreign institutional investors, off shore funds, etc.. 2) Provides an effective tool for hedging Indian equity exposure. 3) Impact cost of the S&P CNX Nifty for a portfolio size of Rs.2 crore is 0.14% 4) Provides fund managers an instrument for measuring returns on their equity investment in dollar terms.


S&P CNX 500



The S&P CNX 500 is India’s first broadbased benchmark of the Indian capital market. The S&P CNX 500 represents about 84.24% of total market capitalisation and about 78% of the total turnover on the NSE as on March 31,2008.


CNX Midcap



The medium capitalised segment of the stock market is being increasingly perceived as an attractive investment segment with high growth potential. The primary objective of the CNX Midcap Index is to capture the movement and be a benchmark of the midcap segment of the market


Nifty Midcap 50


he medium capitalized segment of the stock market is being increasingly perceived as an attractive investment segment with high growth potential. The primary objective of the Nifty Midcap 50 Index is to capture the movement of the midcap segment of the market. It can also be used for index-based derivatives trading.