30 April 2012

NIFTY:DEFINITION and list of NIFTY STOCKS


NIFTY is an Index computed from performance of  top stocks from different sectors listed on NSE (National stock exchange). NIFTY consists of 50 companies from 24 different sectors. NIFTY stands for National Stock Exchange’s Fifty.   The companies which form index of  NIFTY may vary from time to time based on many factors considered by NSE.  NIFTY is for NSE similarly  SENSEX is for BSE
Some mutual funds use NIFTY index as a benchmark meaning the mutual funds’ performance is compared against the performance of NIFTY. On NSE there are futures and options available for trading with NIFTY as underlying index.
India Index Services and Products Ltd. (IISL) owns NIFTY. IISL is a joint venture of NSE and CRISIL. CRISIL is a subsidiary of Standard and Poor (S&P). And so NIFTY is also called as S&P CNX NIFTY.
NIFTY consists of 50 top stocks from different sectors of NSE. Below is the list by October 2010.
1. ABB Ltd : ELECTRICAL EQUIPMENT
2. ACC Ltd : CEMENT AND CEMENT PRODUCTS
3. Ambuja Cements Ltd : CEMENT AND CEMENT PRODUCTS                                                                                                                 4. Axis Bank : Banks
5. BHEL : ELECTRICAL EQUIPMENT
6. Bharat Petroleum Corporation Ltd(BPCL) : REFINERIES
7. Bharti Airtel Ltd : TELECOMMUNICATION – SERVICES
8. Cairn India Ltd : OIL EXPLORATION/PRODUCTION
9. Cipla Ltd : PHARMACEUTICALS
10. DLF Ltd : CONSTRUCTION
11. GAIL (India) Ltd : GAS
12. HCL Technologies Ltd : COMPUTERS – SOFTWARE
13. HDFC Bank Ltd : BANKS
14. Hero Honda Motors Ltd : AUTOMOBILES – 2 AND 3 WHEELERS
15. Hindalco Industries Ltd : ALUMINIUM
16. Hindustan Unilever Ltd : DIVERSIFIED
17. Housing Development Finance Corporation Ltd(HDFC) : FINANCE – HOUSING 18. IDFC: Finance (Including NBFCs)
19. ITC Ltd : CIGARETTES
20. ICICI Bank Ltd : BANKS
21. Idea Cellular Ltd : TELECOMMUNICATION – SERVICES
22. Infosys Technologies Ltd : COMPUTERS – SOFTWARE 23. Jindal Steel:  Iron and Steel                                                                                                                                                                        24. JP Associate: Construction & Engineering                                                                                                                                             25. Kotak Bank:  Banks
26. Larsen & Toubro Ltd : ENGINEERING
27. Mahindra & Mahindra Ltd : AUTOMOBILES – 4 WHEELERS
28. Maruti Suzuki India Ltd : AUTOMOBILES – 4 WHEELERS
29. NTPC Ltd : POWER
30. Oil & Natural Gas Corporation Ltd(ONGC) : OIL EXPLORATION/PRODUCTION
31. Power Grid Corporation of India Ltd : POWER
32. Punjab National Bank : BANKS
33. Ranbaxy Laboratories Ltd : PHARMACEUTICALS
34. Reliance Communications Ltd : TELECOMMUNICATION – SERVICES
35. Reliance Industries Ltd : REFINERIES
36. Reliance Infrastructure Ltd : POWER
37. Reliance Capital :  Finance (including NBFCs)
38. Reliance Power Ltd : POWER
39. Siemens Ltd : ELECTRICAL EQUIPMENT
40. State Bank of India : BANKS
41. Steel Authority of India Ltd(SAIL): STEEL AND STEEL PRODUCT
42. Sterlite Industries (India) Ltd : METALS
43. Sun Pharmaceutical Industries Ltd : PHARMACEUTICALS
44. Suzlon Energy Ltd : ELECTRICAL EQUIPMENT
45. Tata Consultancy Services Ltd(TCS) : COMPUTERS – SOFTWARE
46. Tata Motors Ltd : AUTOMOBILES – 4 WHEELERS
47. Tata Power Co. Ltd : POWER
48. Tata Steel Ltd : STEEL AND STEEL PRODUCTS
49. Unitech Ltd : CONSTRUCTION
50. Wipro Ltd : COMPUTERS – SOFTWARE

1 comment:

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