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Monday, April 28, 2014

Nifty History

What is NIFTY: is an Index computed from performance of  top stocks from different sectors listed on NSE (National stock exchange).Nifty consists of 50   companies from 24 different sectors? NIFTY stands for National Stock Exchange’s Fifty.   The companies which form index of  NIFTY may vary from time to time based on many factors considered by NSE.
 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
.
History
NSE NIFTY index statistics, Calculation Methodology and History
Nifty Data
Definition - Explanation
Name of the Exchange
National Stock Exchange
Base Year
November 3, 1995
Base Value
1000
Base capital
Base capital of Rs 2.06 trillion
Method of calculation
Calculated using market capitalization weighted method, wherein the level of the index reflects the total market value of all the index stocks in the index relative to a particular base period of Nifty.
Number of scripts
50
Index calculation frequency
Real Time, During trading hours.
Index calculation and Maintenance
Managed by India Index Services and Products Ltd. (IISL), a joint venture between NSE and CRISIL

CALCULATION METHOD:
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.

REAL TIME COMPUTATION

During trading hours, value of the Index is calculated automatically on real time basis. This is done automatically on the basis of on-line prices at which trades in Index constituents are executed.
SELECTION CRITERIA
1.      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 weight age 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.
2. Floating Stock: Companies eligible for inclusion in S&P CNX Nifty should have at least 10% floating stock. Floating stock shall mean stocks which are not held by the promoters and associated entities of such companies.
3. IPO New script: A company which comes out with an IPO will be eligible for inclusion in the index, if it fulfils the normal eligibility criteria for the index like impact cost, market capitalisation and floating stock, for a 3 month period instead of a 6 month period.
4. Corporate actions: Compulsory changes like corporate actions, the stock having largest market capitalization and satisfying other requirements related to liquidity, turnover and free float will be considered for inclusion.
5. Replacement Frequency: 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, it is normal process automatically.
LAST FEW MONTHS INDEX:

FEB-12
JAN-12
DEC-11
NOV-11
OCT-11
HIGH
5606.70
5217.00
5099.25
5326.45
5399.70

LOW
5159.00
4588.05
4531.15
4639.10
4728.30

CLOSE
5564.30
5199.25
4624.30
4832.05
5326.60



NSE NIFTY index historical values
Name of Year
Nifty Index Value (points)
1996
908
1997
939
1998
1,081
1999
890
2000
1,592
2001
1,254
2002
1,055
2003
1,100
2004
1,912
2005
2,115
2006
2,835
2007
4,007
2008
6,144
2009
3,033
2010
5,232
2011
6,157
Nifty value at first trading day's closing of year.

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