From Wikipedia, the free encyclopedia
|Type||Stock market index|
|Owner||National Stock Exchange of India|
NIFTY 500 is India’s first broad-based stock market index of the Indian stock market. The NIFTY 500 index represents about 96% of total market capitalization and about 93% of the total turnover on the NSE.
NIFTY 500 companies are disaggregated into 72 industry indices. Industry weights in the index reflect industry weights in the market. For example, 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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