What is Nifty Index?
Nifty Index is also called as Nifty or Nifty spot or Nifty50. As the name itself indicates us that nifty is the index for national stock exchange. It also has another important name, S&P CNX Nifty which is a owned by India Index Services and Products Limited (IISL) which is a combined venture by NSE and CRISIL, Credit Rating and Information Services of India Limited. CRISIL is a part of S&P, Standard and poor’s which is a US based financial company. Therefore, nifty index is named as S&P CNX Nifty.
Key points related to nifty index:
S&P CNX Nifty was developed by Ajay Shah and susan Thomas
Nifty Index was initially started with a base value of 1000.
The base value was calculated from 50 stocks of large cap sector naming it as nifty50
The base value was taken from 23 different sectors of Indian economy
The base period for index is November 3rd 1995.
November 3rd 1995 is the day when NSE completed its first successful year.
The base capital included initially was 2.06 trillion
Nifty50 or simply nifty is calculated using free float market capitalization methodology.
Posted on: 2016-08-31 12:17:22 Updated on: 2016-08-31 12:17:22