 | |
| Operator | NSE Indices |
|---|---|
| Exchanges | National Stock Exchange of India |
| Trading symbol | ^CRSLDX |
| Constituents | 500 |
| Related indices | NIFTY 50 NIFTY Next 50 |
| Website | www |
NIFTY 500 is India’s first broad-based stock market index of the Indian stock market.[1] It contains top 500 listed companies on the NSE. The NIFTY 500 index represents about 96.1% of free float market capitalization and about 96.5% of the total turnover on the National Stock Exchange (NSE).[2]
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] NIFTY 500 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and other structured products.
- ^ India, NSE. "NSE NIFTY 500".
- ^ "Current Status S&P CNX 500". Indiamart.
- ^ "Ministry of Corporate Affairs". www.iepf.gov.in. Ministry of Corporate Affairs.
- ^ "Introducing a New Broad-based Index of Financial Development" (PDF). www.imf.org.