S&P CNX 500
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| S&P CNX 500 | |
|---|---|
| Type | Stock Exchange Index. |
| Location | Mumbai, India |
| Owner | National Stock Exchange |
The S&P CNX 500 is India’s first broad-based stock market index of the Indian stock market. The S&P CNX 500 [1] represents about 96% of total market capitalization and about 93% of the total turnover on the National Stock Exchange of India (NSE)[2].
The S&P CNX 500 companies are disaggregated into 72 industry indices, the S&P CNX Industry Indices. Industry weights in the index reflect the industry weights in the market. For e.g. 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.
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