FAQs

Mutual Funds

12 Feb 2003

The S&P CNX NIFTY, also popularly known as the Nifty fifty, is one of the most scientific indices in India that reflects the price movement of 50 blue-chip, large cap, liquid and highly traded stocks over 25 sectors. The Nifty is managed by India Index Services & Products Ltd. (IISL), which has been set up by NSE and CRISIL with technical assistance from Standard & Poor. IISL focusses on the Index as its core product and today owns and operates the S&P CNX Nifty. The S&P CNX Nifty has been in operation since November 5, 1995 and has a base price of 1,000. The Index touched its peak of 1,756 on Feb 11, 2000 and quoted at 1041.85 as of January 31, 2003.

Some of the other stocks included in the Nifty Index (not in any specific order) are Cipla, TELCO Ltd , Mahanagar Telephone Nigam, Gujarat Ambuja Cements, Hero Honda and NIIT Ltd .

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