What is National Stock Exchange (NSE)?
The National Stock Exchange (NSE) was promoted under the command of the Government of India by the leading financial institutions and further incorporated in Nov 1992 as a tax paying company. Under the Security Contracts (Regulation) Act 1956, it was recognized as a Stock Exchange, and in June 1994, it started operations in the Wholesale Debt Market (WDM) segment. The NSE started Capital market (Equity) segment operation in Nov 1994, while Derivative segment operation was started in June 2000. The NSE is located at Mumbai in India, and as on Dec 2010, there are over 1552 listings with a market capitalization of around US$1.59 trillion. The NSE is the most popular exchange like BSE (Bombay stock exchange) which provides a market platform for the share transactions.
What is NIFTY?
A NIFTY stands for National Stock Exchange’s Fifty. It is basically an indicator of all the major companies of the 9th largest stock exchange in the world i.e. NSE (National Stock Exchange). . IfNIFTY goes up, it indicates that the prices of all the top and actively traded stocks in the NSE have gone up. And on the contrary, if NIFTY goes down, it indicates that the prices of all the top and actively traded stocks in the NSE have gone down. NIFTY consists of fifty top traded stocks in National Stock Exchange, which may vary from time to time depending on many factors considered by NSE. A NIFTY fifty stock list is as follows:-
NIFTY 50 STOCK- LIST BY OCT 2010
01. ABB Ltd : ELECTRICAL EQUIPMENT
02. ACC Ltd : CEMENT AND CEMENT PRODUCTS
03. Ambuja Cements Ltd : CEMENT AND CEMENT PRODUCTS
04. Axis Bank : BANKS
05. BHEL : ELECTRICAL EQUIPMENT
06. Bharat Petroleum Corporation Ltd(BPCL) : REFINERIES
07. Bharti Airtel Ltd : TELECOMMUNICATION – SERVICES
08. Cairn India Ltd : OIL EXPLORATION/PRODUCTION
09. Cipla Ltd : PHARMACEUTICALS
10. DLF Ltd : CONSTRUCTION
12. HCL Technologies Ltd : COMPUTERS – SOFTWARE
13. HDFC Bank Ltd : BANKS
14. Hero Honda Motors Ltd : AUTOMOBILES – 2 AND 3 WHEELERS
15. Hindalco Industries Ltd : ALUMINIUM
16. Hindustan Unilever Ltd : DIVERSIFIED
17. Housing Development Finance Corporation Ltd(HDFC) : FINANCE – HOUSING
18. IDFC: FINANCE (INCLUDING NBFCs)
19. ITC Ltd : CIGARETTES
20. ICICI Bank Ltd : BANKS
21. Idea Cellular Ltd : TELECOMMUNICATION – SERVICES
22. Infosys Technologies Ltd : COMPUTERS – SOFTWARE
23. Jindal Steel: IRON AND STEEL
24. JP Associate: CONSTRUCTION AND ENGINEERING
25. Kotak Bank: BANKS
26. Larsen & Toubro Ltd : ENGINEERING
27. Mahindra & Mahindra Ltd : AUTOMOBILES – 4 WHEELERS
28. Maruti Suzuki India Ltd : AUTOMOBILES – 4 WHEELERS
29. NTPC Ltd : POWER
30. Oil & Natural Gas Corporation Ltd(ONGC) : OIL EXPLORATION/PRODUCTION
31. Power Grid Corporation of India Ltd : POWER
32. Punjab National Bank : BANKS
33. Ranbaxy Laboratories Ltd : PHARMACEUTICALS
34. Reliance Communications Ltd : TELECOMMUNICATION – SERVICES
35. Reliance Industries Ltd : REFINERIES
36. Reliance Infrastructure Ltd : POWER
37. Reliance Capital : FINANCE (INCLUDING NBFCs)
38. Reliance Power Ltd : POWER
39. Siemens Ltd : ELECTRICAL EQUIPMENT
40. State Bank of India : BANKS
41. Steel Authority of India Ltd(SAIL): STEEL AND STEEL PRODUCT
42. Sterlite Industries (India) Ltd : METALS
43. Sun Pharmaceutical Industries Ltd : PHARMACEUTICALS
44. Suzlon Energy Ltd : ELECTRICAL EQUIPMENT
45. Tata Consultancy Services Ltd(TCS) : COMPUTERS – SOFTWARE
46. Tata Motors Ltd : AUTOMOBILES – 4 WHEELERS
47. Tata Power Co. Ltd : POWER
48. Tata Steel Ltd : STEEL AND STEEL PRODUCTS
