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NIFTY In the last post, we discussed what Sensex is and how it is calculated.

Just like the Sensex which was introduced by the Bombay stock exchange, Nifty is a major stock index in India introduced by the National stock exchange. NIFTY was coined fro the two words National and FIFTY. The word fifty is used because; the index consists of 50 actively traded stocks from various sectors. So the nifty index is a bit broader than the Sensex which is constructed using 30 actively traded stocks in the BSE. The methodology for calculating the Sensex was given in our earlier post. Nifty is calculated using the same methodology adopted by the BSE in calculating the Sensex but with three differences. They are: The base year is taken as 1995 The base value is set to 1000 Nifty is calculated on 50 stocks actively traded in the NSE 50 top stocks are selected from 24 sectors

Here is the list of 50 companies that form part of CNX Nifty Index as on 30 November 2012: S.No. Company Name

01

ACC Ltd.

02

Ambuja Cements Ltd.

03

Asian Paints Ltd.

04

Axis Bank Ltd.

05

Bajaj Auto Ltd.

06

Bank of Baroda

07

Bharat Heavy Electricals Ltd.

S.No.

Company Name

08

Bharat Petroleum Corporation Ltd.

09

Bharti Airtel Ltd.

10

Cairn India Ltd.

11

Cipla Ltd.

12

Coal India Ltd.

13

DLF Ltd.

14

Dr. Reddy's Laboratories Ltd.

15

GAIL (India) Ltd.

16

Grasim Industries Ltd.

17

HCL Technologies Ltd.

18

HDFC Bank Ltd.

19

Hero MotoCorp Ltd.

20

Hindalco Industries Ltd.

S.No.

Company Name

21

Hindustan Unilever Ltd.

22

Housing Development Finance Corporation Ltd.

23

I T C Ltd.

24

ICICI Bank Ltd.

25

Infosys Ltd.

26

Infrastructure Development Finance Co. Ltd.

27

Jaiprakash Associates Ltd.

28

Jindal Steel & Power Ltd.

29

Kotak Mahindra Bank Ltd.

30

Larsen & Toubro Ltd.

31

Lupin Ltd.

32

Mahindra & Mahindra Ltd.

33

Maruti Suzuki India Ltd.

S.No.

Company Name

34

NTPC Ltd.

35

Oil & Natural Gas Corporation Ltd.

36

Power Grid Corporation of India Ltd.

37

Punjab National Bank

38

Ranbaxy Laboratories Ltd.

39

Reliance Industries Ltd.

40

Reliance Infrastructure Ltd.

41

Sesa Goa Ltd.

42

NMDC

43

State Bank of India

44

Sun Pharmaceutical Industries Ltd.

45

Tata Consultancy Services Ltd.

46

Tata Motors Ltd.

S.No.

Company Name

47

Tata Power Co. Ltd.

48

Tata Steel Ltd.

49

UltraTech Cement Ltd.

50

Indusind Bank

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