What is Nifty ?

S&P CNX Nifty

The Standard & Poor's CRISIL NSE Index 50 or S&P CNX Nifty nicknamed Nifty 50 or simply Nifty (NSE: ^NSEI), 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.

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 average total traded value for the last six months of all Nifty stocks is approximately 62.45% of the traded value of all stocks on the NSE
• Nifty stocks represent about 63.98% of the total market capitalization as on Jan. 30, 2009.
• Impact cost of the S&P CNX Nifty for a portfolio size of Rs.2 crore is 0.16%
• S&P CNX Nifty is professionally maintained and is ideal for derivatives trading

Nifty components

The list of constituents of S&P CNX Nifty as on September 27, 2007 along with the Market capitalization details and weightages is as follows:

Company name	Market Capitalization (Rs. Crores)	Weightage
Reliance Industries	323057	11.710
Oil and Natural Gas Corporation of India	208059	7.50
Bharti Airtel	182208	6.59
NTPC	159921	5.79
Reliance Communications	119109	4.31
ICICI Bank	112542	4.07
Infosys Technologies	109435	3.96
Tata Consultancy Services	103977	3.76
BHEL	99874	3.61
State Bank of India	98981	3.58
Steel Authority of India	83042	3.01
Larsen & Toubro	81216	2.94
ITC	69786	2.53
Reliance Petroleum Ltd.	67928	2.46
HDFC	67878	2.46
Wipro	67183	2.43
Sterlite Industries Ltd.	53884	1.95
HDFC Bank	50619	1.83
Tata Steel	48413	1.75
Hindustan Unilever	48318	1.75
Suzlon Energy	41746	1.51
GAIL India	32029	1.16
Grasim Industries	31526	1.14
Tata Motors	28960	1.05
Maruti Udyog	28318	1.02
ABB	27244	0.99
Power Grid Corporation of India
Reliance Energy	25530	0.92
Siemens	22786	0.82
ACC	22278	0.81
Ambuja Cements	21995	0.80
HCL Technologies	20340	0.74
Hindalco Industries	20163	0.73
National Aluminium Co.	19896	0.72
Reliance Capital Ltd.	12739	0.70
Sun Pharmaceuticals Ind.	18784	0.68
Mahindra & Mahindra	18463	0.67
Tata Power	17494	0.63
Punjab National Bank	16829	0.61
Ranbaxy Labs	15675	0.57
Hero Honda Motors	14877	0.54
Zee Entertainment	14134	0.51
Indian Petrochemicals Corporation	13879	0.50
Cipla	13680	0.50
Bharat Petroleum Corporation	13135	0.48
Videsh Sanchar Nigam Limited	12697	0.46
Dr. Reddy's	10894	0.39
Mahanagar Telephone Nigam Limited	10342	0.37
GlaxoSmithKline Pharma	9486	0.34