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. Float Shrink

    A reduction in the number of a publicly traded company’s shares ...
Related Articles
  1. Benchmark Your Returns With Indexes
    Mutual Funds & ETFs

    Benchmark Your Returns With Indexes

  2. Index Investing
    Mutual Funds & ETFs

    Index Investing

  3. The Uptick Rule Debate
    Active Trading Fundamentals

    The Uptick Rule Debate

  4. CDOs And The Mortgage Market
    Insurance

    CDOs And The Mortgage Market

comments powered by Disqus
Hot Definitions
  1. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  2. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  3. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  4. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  5. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  6. Budget Deficit

    A status of financial health in which expenditures exceed revenue. The term "budget deficit" is most commonly used to refer ...
Trading Center