|
|
Nifty is owned and managed by India Index Services and Products Ltd. (IISL), which is a joint venture between NSE and CRISIL. IISL have a consulting and licensing agreement with Standard & Poor's (S&P), who are world leaders in index services.
S&P CNX Nifty is based upon solid economic research. A trillion calculations were expended to evolve the rules inside the S&P CNX Nifty index. The criteria evolved is: (i) stocks considered for the S&P CNX Nifty must be liquid by the "impact cost" criterion, (ii) the largest 50 stocks that meet the criterion go into the index.
