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National Stock Exchange
National Stock Exchange is the largest stock exchange in India in terms of daily turnover and trading volume in both equity and derivative trading.
The National Stock Exchange is stock exchange located at
Mumbai, Maharashtra, India. It is in the top 20 largest
stock exchanges in the world by market capitalization and
largest in India by daily turnover and number of trades, for
both equities and derivative trading NIFTY is a prime index of the ‘The National Stock Exchange of India Limited’, the Mumbai based stock exchange.
National Stock Exchange is owned by the premiere financial institutions, banks, insurance companies and other financial intermediaries in India. But the ownership and the management of the exchange work as separate entities. The NSE S&P CNX Nifty 50 that is popularly known as NIFTY is the key index of the NSE.
NIFTY is an index that is made of 50 major stocks listed at the
National Stock Exchange in terms of market capitalization. NIFTY is a well diversified index as these 50 companies are from 21 sectors. The index is owned and managed by India Index Services and Products Ltd. (IISL). IISL, which is a joint venture of
National Stock Exchange and CRISIL is the first specialized company in India on Index. The company has a marketing and licensing agreement with Standard & Poor's (S&P) - the world market leader in index services. The NIFTY index is used for different purposes like benchmarking fund portfolios, index based derivative trading and index funds.
NIFTY is one of the leading index in the Indian stock market and the prime index of the
National Stock Exchange . If you consider all the stocks in the NIFTY it accounts for almost 50% of the total traded volume in the
National Stock Exchange . These NIFTY stocks accumulatively represent about 58.64% of the total market capitalization as on 31st March, 2008. The impact cost of the S&P CNX Nifty index is 0.15% for a portfolio size of Rs.2 crore. The NIFTY index is professionally maintained by IISL which is the premiere index management company in India. The NIFTY index is ideal for derivative trading and huge number of investors trade in NIFTY derivatives on regular basis..