India Index Services & Products Limited (IISL) which is a group company of NSE and India’s leading provider of indices have rebranded all the existing indices. You won’t have to refer to indices on NSE as CNX anymore. NSE has rebranded their indices and now they will all be referred to as “Nifty Indices”. NSE is leveraging the famous “NIFTY” to give recognition to the lesser known indices by applying a prefix to each and every existing index. The move is intended to enhance public acceptability. The term NIFTY is famous in India and internationally, so it has been used to leverage on that advantage and brand all the other indices which so far have been ignored by participants in the Indian stock market. You can find the name change and description of each of the Nifty Indices below:
1. CNX NIFTY –> NIFTY 50: It is India’s flagship equity index and consists of 50 large cap securities account for 66% of the total free float market capitalization of listed stocks on NSE.
2. CNX Nifty Junior -> Nifty Next 50: It comprises of the next 50 large and liquid securities after Nifty 50.
3. CNX 100 -> Nifty 100: It consists of large cap benchmark stocks comprising of stocks from Nifty 50 and Nifty Next 50. This is one of the most tracked indices in the Indian stock market.
4. CNX 200 -> Nifty 200: It tracks the performance of the top 200 stocks by free float market capitalization.
5. CNX 500 -> Nifty 500: It is a larger universe of stocks that tracks the performance of stocks which are in all three different categories of market cap. Large Cap, Mid Cap & Small Cap.
6. LIX 15 -> Nifty 100 Liquid 15: It tracks the performance of the most liquid stocks of the Nifty top 100.
7. LIX 15 Midcap -> Nifty Midcap Liquid 15: The only difference between this and the one above is that it tracks the performance of the 15 most liquid mid cap stocks in the Indian stock market.
8. CNX Midcap -> Nifty Midcap 100: Most traders mistook CNX Midcap to consist of only 50 stocks which was actually Nifty Midcap 50. In the rebranded name, they clearly mention that it tracks the performance of the top 100 Midcap stocks.
9. Nifty Midcap 50 -> Nifty Midcap 50: The name of this stock index has not been changed. It tracks the performance of 50 mid cap stocks which are also available to trade in the futures and options segment. However, it is important to note that Nifty Midcap 100 does not contain all F&O stocks.
10. CNX Smallcap -> Nifty Smallcap 100: It tracks the performance of the top 100 small cap stocks in the Indian stock market.
11. CNX Auto -> Nifty Auto: It tracks the performance of 15 securities from the auto sector which includes manufacturers of cars & motorcycles, heavy vehicles, auto ancillaries, tyres etc.
12. CNX Bank -> Nifty Bank: More popularly known as Bank Nifty, the index tracks the performance of India’s banking stocks and it comprises of the 12 largest and most liquid stocks.
13. CNX Finance -> Nifty Financial Services: Tracks the performance of the Indian Financial market primarily Banks, financial institutions like housing finance and others.
14. CNX FMCG -> Nifty FMCG: Tracks the performance of FMCG sector. It comprises of a total of 15 different stocks.
15. CNX IT -> Nifty IT: Tracks the performance of India’s IT sector. In total it comprises of 10 companies.
16. CNX Media -> Nifty Media: Tracks performance of media and entertainment sector. Including printing and publishing, Index comprises maximum of 15 securities.
17. CNX Metal -> Nifty Metal: Tracks performance of Metals sector primarily mining.
18. CNX Pharma -> Nifty Pharma: Tracks performance of the pharmaceutical sector. In total the index comprises of 10 stocks.
19. CNX PSU Bank -> Nifty PSU Bank: It tracks the performance of PSU Banks and in total the index comprises of 10 stocks.
20. IISL CNX Industry Services -> Nifty500 Industry Indices: Industry indices carved out of Nifty 500 Index.
21. CNX Realty -> Nifty Realty: It tracks the Real estate sector in India and comprises of 10 stocks.
22. CPSE -> Nifty CPSE: Comprises of securities from Central Public Sector Enterprise (CPSE) as defined by the department of public enterprise, the total number of stocks are 10.
23. CNX Energy -> Nifty Energy: Tracks performance of Petroleum, Gas and Power sectors, Index comprises of 10 stocks.
24. CNX Infrastructure -> Nifty Infrastructure: It tracks performance of the infrastructure sector in India which includes telecom, Power, Ports, Airways, roads, Railways, Shipping and other utility services providers. It consists of 25 securities.
25. CNX Service Sector -> Nifty Services Sector: It consists of companies form the service sector which include computers-software, IT Education & Training, Banks, Telecom, Financial Institutions, Power, Media, Courier, Shipping etc. It has a maximum of 30 stocks.
26. CNX Commodities -> Nifty Commodities: Tracks the performance of the commodities segment which includes sectors like Oil, Petroleum Products, Cement, Power, Chemical, Sugar Metals and mining. Index comprises of 30 securities.
27. CNX Consumption -> Nifty India Consumption: Tracks performance of sectors like Consumer Non-durables, healthcare, Auto, Telecom Services, Pharmaceuticals, Hotels, Media and entertainment, etc. with majority of operating revenue generated within India. It comprises of 30 securities.
28. CNX MNC -> Nifty MNC: Tracks performance of stocks in which the foreign promoter holds more than 50% and/or the management control is vested in the foreign company. This index too, comprises of 30 securities.
29. CNX PSE -> Nifty PSE: It tracks the performance of Public Sector Enterprises (PSE). In total there are 20 stocks.
30. CNX Nifty Shariah -> Nifty 50 Shariah: Constituents of Nifty 50 which are Shariah Compliant are part of this Index.
31. CNX 500 Shariah -> Nifty 500 Shariah: Constituents of Nifty 500 index which are Shariah compliant are part of the index.
32. CNX Shariah 25 -> Nifty Shariah 25: Tracks performance of companies which are compliant with Shariah guidelines continuously for the past 24 months and which have paid dividend of at least 4% or more in previous 7 or 9 years. It consists of 25 stocks.
33. CNX Dividend Opportunities -> Nifty Dividend Opportunities 50: A total of 50 High dividend yield companies.
34. CNX Low Volatility -> Nifty Low Volatility 50: Tracks companies with low less volatility. The weights are assigned based on the volatility values. It consists of 50 stocks.
35. CNX Alpha -> Nifty Alpha 50: High alpha stocks traded at NSE. Weights are assigned based on alpha values. It has a total of 50 securities.
36. CNX High Beta -> Nifty High Beta 50: Tracks performance of high beta securities. Weights of securities in the index are assigned based on the beta values. Comprises of 50 securities.
37. NV 20 -> Nifty 50 Value 20: It comprises of 20 Large cap stocks which are part of Nifty 50. Selection parameter for securities are return on capital employed, price to earnings ratio, Price to Book value and dividend Yield.
38. NI 15 -> Nifty Growth Sectors 15: Index provides exposure to the liquid securities from sectors which are aggressively tracked by market and on which stock derivatives are available. Selection parameter for securities are Price Earnings Ratio, Price to Book Value and EPS Growth. Index comprises of 15 securities.
39. CNX 100 Equal Weight -> Nifty 100 Equal Weight: Equal weighted variant of Nifty 100 index which in weight of all securities is reset at 1% oat each rebalancing index comprises of 100 stocks.
40. Nifty PR 1X Inverse -> Nifty 50 PR 1x Inverse: Provides Inverse Exposure to the underlying index i.e. Nifty Price return
41. Nifty PR 2X Leverage -> Nifty 50 PR x Leverage: Provides 2 times exposure to the underlying index i.e. Nifty 50 Price Return.
42. Nifty TR 1X Inverse -> Nifty 50 TR 1x Inverse: Provides inverse exposure to the underlying index i.e. Nifty 50 Total return.
43. Nifty TR 2X Leverage -> Nifty 50 TR x Leverage: Provides 2 times exposure to the underlying index i.e. Nifty 50 Total return.
44. CNX Defty -> Nifty 50 USD: Dollar Denominated variant of Nifty 50.
45. CNX Nifty Dividend -> Nifty 50 Dividend Points: Tracks performance of total dividend points of Nifty 50 index.
46. NSE Quality 30 -> Nifty Quality 30: Tracks performance of 30 large cap stocks selected on the basis of quality score based on indicators like ROE, Debt to Equity ratio and average year on year growth in PAT.
47. GSEC10 NSE -> Nifty 8-13 yr G-Sec: Tracks performance of top 5 liquid GOI bonds with residual maturity between 8 to 13 years.
48. GSECBM NSE -> Nifty 10 yr Benchmark G-Sec: Tracks price performance of on the run 10 year benchmark bond issued by GOI.
49. NSEGSECBM -> Nifty 10 yr Benchmark G-Sec: Tracks clean price performance of 10 year on the run benchmark bond issued by GOI.
50. Nifty 4-8 yr G-Sec -> Nifty 4-8 yr G-Sec: Tracks price of top 3 liquid GOI Bonds with residual maturity between 4 to 8 years.
51. Nifty 11-15 yr and above G-Sec -> Nifty 11-15 yr and above G-Sec: Tracks price of top 3 liquid GOI Bonds with residual maturity between 11 to 15 years.
52. Nifty 15 yr and above G-Sec -> Nifty 15 yr and above G-Sec: Tracks price of top 3 liquid GOI Bonds with residual maturity of 15 years and above.
53. Nifty Composite G-Sec: Tracks price of top 10 liquid GOI Bonds with residual maturity of 1 year and above.
This information has been provided by NSE. For more information you can visit: www.nseindia.com
Tejas is the Co-Founder & CEO at FYERS, the youngest team to get NSE’s broker license. He has a specialization in finance and has over 10 years of work experience spanning across proprietary trading, risk management, and broking. Tejas & his team started FYERS, a technology-focused brokerage as a mission to transform the trading/investment landscape in India.