The 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.
CNX Nifty is owned and managed by India Index Services and Products Ltd. (IISL). IISL is India's first specialised company focused upon the index as a core product.
- The CNX Nifty Index represents about 68.99% of the free float market capitalization of the stocks listed on NSE as on December 31, 2013.
- The total traded value for the last six months ending December 2013 of all index constituents is approximately 59.01% of of the traded value of all stocks on the NSE.
- Impact cost of the CNX Nifty for a portfolio size of Rs.50 lakhs is 0.06% for the month December 2013.
- CNX Nifty is professionally maintained and is ideal for derivatives trading.
From June 26, 2009, CNX Nifty is computed based on free float methodology.