Standard And Poor's CNX Nifty

AAA

DEFINITION of 'Standard And Poor's CNX Nifty'

A stock index endorsed by Standard & Poor's and composed of 50 of the largest and most liquid stocks found on the National Stock Exchange (NSE) of India. It is commonly used to represent the market for benchmarking Indian investments. Similar to other major stock indexes like the S&P 500, companies must meet certain requirements in terms of market capitalization and liquidity before they can be considered for inclusion in the index.

Also known as "Nifty 50".

INVESTOPEDIA EXPLAINS 'Standard And Poor's CNX Nifty'

CNX stands for the Credit Rating Information Services of India Limited (CRISIL) and the National Stock Exchange of India (NSE). These two bodies own and manage the index within a joint venture called the India Index Services and Products Ltd. (IISL). Without the additional abbreviation to S&P CNX, the index name would be S&P CRISIL NSE Index.

As of July 2007, the stocks in the S&P CNX Nifty represented well over 50% of the total market capitalization of all stocks in India's stock exchanges.

RELATED TERMS
  1. Standard & Poor's 500 Index - S&P ...

    An index of 500 stocks chosen for market size, liquidity and ...
  2. Sensex

    An abbreviation of the Bombay Exchange Sensitive Index (Sensex) ...
  3. Dalal Street

    A term that refers to the Bombay Stock Exchange, the major stock ...
  4. Securities And Exchange Board Of ...

    The regulatory body for the investment market in India. The purpose ...
  5. National Stock Exchange Of India ...

    The National Stock Exchange is India's largest financial market. ...
  6. Market Value

    The price an asset would fetch in the marketplace. Market value ...
Related Articles
  1. Mutual Funds & ETFs

    Benchmark Your Returns With Indexes

  2. Mutual Funds & ETFs

    Index Investing

  3. Explain the logic behind government loans, how they work, why are they so big in the U.S and how they have an influence in the economy of the U.S and potentially abroad
    Economics

    An Introduction to Government Loans

  4. Capital Markets are financial markets.
    Markets

    Capital Markets

Hot Definitions
  1. Capitulation

    When investors give up any previous gains in stock price by selling equities in an effort to get out of the market and into ...
  2. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  3. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  4. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  5. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  6. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
Trading Center