Answer to Question #50294 in Other Management for Subramanian
index for Indian equity market. Nifty is owned and managed by India
Index Services and Products (IISL), which is a wholly owned subsidiary of
the NSE Strategic Investment Corporation Limited.
The CNX Nifty covers 22 sectors of the Indian economy and offers
investment managers exposure to the Indian market in one portfolio. During
2008-12, CNX Nifty 50 Index share of NSE market capitalisation fell from 65% to
29% due to the rise of sectoral indices like CNX Bank, CNX IT, CNX Mid Cap,
etc. The CNX Nifty 50 Index gives 29.70% weightage to financial services, 0.73%
weightage to industrial manufacturing and nil weightage to agricultural sector.
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