NIFTY 500

NIFTY 500 is India’s first broad-based stock market index of the Indian stock market.[1] The NIFTY 500 index represents about 96% of total market capitalization and about 93% of the total turnover on the NSE.[2]

NIFTY 500/S&P CNX 500
TypeStock market index
LocationMumbai, India
OwnerNational Stock Exchange of India

NIFTY 500 companies are disaggregated into 72 industry indices.[3] Industry weights in the index reflect industry weights in the market. For example, if the banking sector has a 5% weight in the universe of stocks traded on the NSE, banking stocks in the index would also have an approximate representation of 5% in the index.[4]

References
  1. India, NSE. "NSE NIFTY 500".{{cite web}}: CS1 maint: url-status (link)
  2. "Current Status S&P CNX 500". Indiamart.
  3. "Ministry of Corporate Affairs". www.iepf.gov.in. Ministry of Corporate Affairs.
  4. "Introducing a New Broad-based Index of Financial Development" (PDF). www.imf.org.

See also
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.