S&P CNX Nifty
S&P CNX Nifty is a well diversified 50 stock index accounting for 23 sectors of the economy. It is used for a variety of purposes such as benchmarking fund portfolios,index based derivatives and index funds.
S&P CNX Nifty is owned and managed by India Index Services and Products 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.
S&P CNX Nifty is owned and managed by India Index Services and Products 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.
- The total traded value for the last six months of all Nifty stocks is approximately 44% of the traded value of all stocks on the NSE
- Nifty stocks represent about 63% of the Free Float Market Capitalization as on Dec 31, 2010.
- Impact cost of the S&P CNX Nifty for a portfolio size of Rs.50 lakhs is 0.06%.
- S&P CNX Nifty is professionally maintained and is ideal for derivatives trading
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.
Salient Features
- Performance indicator to foreign institutional investors, off-shore funds, etc.
- Provides an effective tool for hedging Indian equity exposure.
- Impact cost of the S&P CNX Nifty for a portfolio size of Rs.50 Lakhs is 0.06%
- Provides fund managers an instrument for measuring returns on their equity investment in dollar terms.
Calculation of S&P CNX Defty
Computations are done using the S&P CNX Nifty index calculated on the NEAT trading system of NSE and INR-USD exchange rate that is based on the real time polled data feed.
S&P CNX Defty = S&P CNX Nifty at time t * Exchange rate as on base date
Exchange rate at time t
Computations are done using the S&P CNX Nifty index calculated on the NEAT trading system of NSE and INR-USD exchange rate that is based on the real time polled data feed.
S&P CNX Defty = S&P CNX Nifty at time t * Exchange rate as on base date
Exchange rate at time tCalculation of closing value of S&P CNX Defty
Closing value of S&P CNX Defty is computed by considering average of INR-USD polled data values (exchange rate) of last 30 minutes of the market.
Closing value of = Closing value of S&P CNX Nifty * Exchange rate as on base date
S&P CNX Defty
Average of exchange rate of last 30 minutes of the market
Specifications of S&P CNX Defty:
Base date: 03 November 1995
Base S&P CNX Defty Index Value: 1000
S&P CNX Nifty Value as on Base date: 1000
Exchange rate as on base date: 34.65
Adjustment factor as on Base date:1.00
Closing value of S&P CNX Defty is computed by considering average of INR-USD polled data values (exchange rate) of last 30 minutes of the market.
Closing value of = Closing value of S&P CNX Nifty * Exchange rate as on base date
S&P CNX Defty
Average of exchange rate of last 30 minutes of the marketSpecifications of S&P CNX Defty:
Base date: 03 November 1995
Base S&P CNX Defty Index Value: 1000
S&P CNX Nifty Value as on Base date: 1000
Exchange rate as on base date: 34.65
Adjustment factor as on Base date:1.00
