United Breweries Ltd (UBL) on Wednesday said Yes Bank has invoked 19 lakh of its shares worth Rs 156 crore which were pledged by McDowell Holdings, a unit of Vijay Mallya-led UB Group.
- Add to Portfolio
- Add to Watchlist
- Add to Alert
NIFTY50's Latest News
Indian Oil Corp Ltd and gas transporter Gail (India) Ltd will buy a combined 49 per cent stake in a liquefied natural gas (LNG) terminal being built in the eastern state of Odisha.
With 10 crore calls from its network to users of operators like Airtel failing per day, Mukesh Ambani-led Reliance Jio on Tuesday hit out at incumbent operators for not making operational new interconnections in last 15 days despite repeated reminders.
Among individual stocks, Monsanto India shares will in focus today as Bayer Group announced a mandatory offer to buy back up to 26 per cent additional stake in Monsanto India for over Rs 1,100 crore.
Sensex and Nifty rose on Wednesday, heading for a fifth session of gains in six, as global sentiment was lifted after the Bank of Japan (BOJ) overhauled its policy framework and recommitted itself to more policy easing in the coming weeks.
Sanjiv Bhasin, executive vice president (markets & corporate affairs) at IIFL, said that Nifty may fall to 8,400 next week if the US Fed's comment on the pace of future rate hike disappoints market as bond yields globally are rising.
More from News »
NIFTY50's Recent Video Coverage on NDTV Profit
Good Time To Book Profit: Pradip Hotchandani
Jubilant FoodWorks Looks Weak On Charts: Sumeet Bagadia
Nifty May Fall To 8,400 By Next Week: Sanjiv Bhasin
Markets In 'No Man's Land': Anil Manghnani
Sell Nifty On Rise, Resistance Seen Around 8,900: Jay Thakkar
Bullish On HDFC Bank, Kotak Mahindra Bank: R Sreesankar
IT Sector Likely To Remain Under Pressure In Short Term: Sanjay Sinha
NIFTY50's Futures and Options Quotes
Post Your Comments
NIFTY50's Top Positive Contributors
NIFTY50's Top Negative Contributors
|Company Name||Current Price||Change %|
More from Indices »
S&P CNX Nifty is a well diversified 50 stock index accounting for 21 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. The traded value for the last six months of all Nifty stocks is approximately 44.89% of the traded value of all stocks on the NSE Nifty stocks represent about 58.64% of the total market capitalization as on March 31, 2008. Impact cost of the S&P CNX Nifty for a portfolio size of Rs.2 crore is 0.15% S&P CNX Nifty is professionally maintained and is ideal for derivatives trading Source : NSE
S&P CNX Nifty is computed using market capitalization weighted method, wherein the level of the index reflects the total market value of all the stocks in the index relative to a particular base period. The method also takes into account constituent changes in the index and importantly corporate actions such as stock splits, rights, etc without affecting the index value. Source : NSE
The constituents and the criteria for the selection judge the effectiveness of the index. Selection of the index set is based on the following criteria: Liquidity (Impact Cost) For inclusion in the index, the security should have traded at an average impact cost of 0.50% or less during the last six months for 90% of the observations for a basket size of Rs. 2 Crores. Impact cost is cost of executing a transaction in a security in proportion to the weightage of its market capitalisation as against the index market capitalisation at any point of time. This is the percentage mark up suffered while buying / selling the desired quantity of a security compared to its ideal price (best buy + best sell) / 2 Floating Stock Companies eligible for inclusion in S&P CNX Nifty should have atleast 10% floating stock. For this purpose, floating stock shall mean stocks which are not held by the promoters and associated entities (where identifiable) of such companies. Others a) A company which comes out with a IPO will be eligible for inclusion in the index, if it fulfills the normal eligiblity criteria for the index like impact cost, market capitalisation and floating stock, for a 3 month period instead of a 6 month period. b) Replacement of Stock from the Index: A stock may be replaced from an index for the following reasons: i. Compulsory changes like corporate actions, delisting etc. In such a scenario, the stock having largest market capitalization and satisfying other requirements related to liquidity, turnover and free float will be considered for inclusion. ii. When a better candidate is available in the replacement pool, which can replace the index stock i.e. the stock with the highest market capitalization in the replacement pool has at least twice the market capitalization of the index stock with the lowest market capitalization. With respect to (2) above, a maximum of 10% of the index size (number of stocks in the index) may be changed in a calendar year. Changes carried out for (2) above are irrespective of changes, if any, carried out for (1) above. Source : NSE