DAX Analysis and Trading with Adam Milton



National Stock Exchange of India

National Stock Exchange in India

Nifty Stock Index

The Nifty is India's premier stock index. The Nifty stock index is provided by the National Stock Exchange in India, and includes the fifty largest (in terms of liquidity and capitalisation) companies that are traded on the National Stock Exchange. The Nifty is calculated in real time from 9:55 AM to 3:30 PM Indian Time, using the prices of the fifty individual stocks from the National Stock Exchange.


Performance

Over the past ten years, the Nifty stock index has reached a low of 854 (September 2001) and a high of 6312 (November 2010).

                              NIFTY Chart

The Nifty stock index has an average daily turnover of INR10
billion (approximately €144 million), and the Nifty futures market has an average daily volume of 3 million contracts.


Derivatives

The Nifty futures and options markets are the main Nifty stock index derivatives, and these are traded on the NEAT electronic exchange from 9:55 AM to 3:30 PM Indian Time. The Nifty futures market is the most actively traded Nifty stock index derivative, and is one of the preferred markets of Indian and Asian professional traders.


Contract Specifications

The contract specifications for the Nifty futures market are as follows:
Symbol
Expiration
Exchange
Contract Value
Tick Size
Tick Value
NIFTY (NIFTY50)
Last Thursday of every month
NSE
INR50 (approximately €0.72)
0.05
INR2.50 (approximately €0.04)

    Hong Kong Exchanges and Clearing


Constituents

As of March 2011, the Nifty stock index includes the following fifty companies:

ACC
Ambuja Cements
Axis Bank
Bajaj Auto
Bharat Heavy Electricals
Bharat Petroleum
Bharti Airtel
Cairn India
Cipla
DLF
GAIL
Dr. Reddy's Laboratories
HCL Technologies
HDFC Bank
Hero Honda Motors
Hindalco Industries
Hindustan Unilever
Housing Development Finance
I T C
ICICI Bank
Infosys Technologies
Infrastructure Dev. Finance
Jaiprakash
Jindal Steel & Power
Kotak Mahindra Bank
Larsen & Toubro
Mahindra & Mahindra
Maruti Suzuki India
NTPC
Oil & Natural Gas
Power Grid of India
Punjab National Bank
Ranbaxy Laboratories
Reliance Capital
Reliance Communications
Reliance Industries
Reliance Infrastructure
Reliance Power
Sesa Goa
Siemens
State Bank of India
Steel Authority of India
Sterlite Industries
Sun Pharmaceutical Industries
Suzlon Energy
Tata Consultancy Services
Tata Motors
Tata Power
Tata Steel
Wipro

© Copyright 2011 Adam Milton