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NIFTY50's Latest News
Sensex and Nifty are likely to open higher note tracking positive trading of Nifty futures on the Singapore Stock Exchange.
Nifty can showcase some more upside in April but investors should not expect the kind of moves which they saw in March, says Gaurav Bissa, derivatives analyst with LKP Securities. He adds that investors should not go short at current levels and they can take stock specific long positions.
Adani's controversy-hit $21.7-billion (Rs 1.4 lakh crore at $1 = Rs 66.26) coal mine project in Australia on Sunday won three mining leases, but the Indian mining giant said final decision on investment will be taken only after the conclusion of "politically-motivated" legal challenges against one of the world's largest mines.
Outcome of the Reserve Bank of India's policy review on Tuesday, trend of foreign fund inflows and quarterly earnings expectations will set the tone for the stock market during the week beginning April 4, say experts.
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NIFTY50's Recent Video Coverage on NDTV Profit
Buy Tech Mahindra For Target Of Rs 460: Imtiyaz Qureshi
Buy BHEL For Target Of Rs 125: Gaurav Bissa
RBI's Policy to be a Trend Decider for Nifty: Ajay Bagga
Nifty May Touch 8,000 Next Week: Sumeet Bagadia
Nifty May Correct After Hitting 8,000 In April: Sanjiv Bhasin
SBI Sets Lending Rates Under New Structure
Bullish on Tata Motors: Sharekhan
NIFTY50's Futures and Options Quotes
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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