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Q.

Explain NIFTY full form

Asked by magesh, 26 Jun '08 11:45 am
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Answers (3)

1.

NIFTY :

The S&P CNX Nifty is nicknamed as NIFTY or NIFTY 50. It is the leading index for large companies on the National Stock Exchange of India. S&P CNX Nifty is a well diversified 50 stock index accounting for 22 sectors of the economy. It is used for a variety of purposes such as benchmarking fund portfolios, index based derivatives and index funds.
Answered by Pari, 26 Jun '08 11:52 am

 
  
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2.

N for NSE and IFTY indicates fifty that has 50 key stcks.
Answered by Answers, 26 Jun '08 11:47 am

 
  
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3.

National Stock Exchange's Fifty is Nifty

S&P CNX Nifty
S&P CNX Nifty is a well diversified 50 stock index accounting for 22 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 have a consulting and licensing agreement with Standard & Poor's (S&P), who are world leaders in index services.

The average total traded value for the last six months of all Nifty stocks is approximately 45.24% of the traded value of all stocks on the NSE
Nifty stocks represent about 57.92% of the total market capitalization as on April 10, 2007.
Impact cost of the S&P CNX Nifty for a portfolio size of Rs.5 million is 0.08%
S&P CNX Nifty is professionally maintain ...more
Answered by sapthadhri, 26 Jun '08 11:49 am

 
  
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