![]() Hong Kong stocks slipped on Thursday after posting their biggest daily gain in nearly three months in the previous session, with Sino-U.S. The Nikkei reversed early gains to end flat, although the benchmark index remained around the middle of its trading range of the past five weeks. Federal Reserve offset support from a weaker yen. Japan's Nikkei share average ended listless on Thursday as a disappointing Tesla investor day event and the risk of a more hawkish U.S. and European prices raised expectations that interest rates will stay higher for longer. Global stock markets declined Thursday after signs of enduring upward pressure on U.S. PSU Bank and Energy ended in the flat territory. Auto, Private Bank, and Finance were other significant laggards. Maruti and Axis Bank shed 2% each followed by TCS, SBI Life and Infosys.Īlmost all sectoral indices ended in the red with the IT sector shedding more than a per cent. Nifty 50 tanked 130 points to close at 17,321, while S&P BSE Sensex edged 500 points lower to close once again below 59,000, at 58,909.Īdani Enterprises and Adani Ports topped the Nifty 50 stock chart by gaining 2.5% and 3.5%, respectively. Adani stocks continued to rise as Supreme Court set up an expert committee on the issue arising from the Hindenburg Research report on Adani Group companies. The key benchmark indices ended in losses on Thursday with IT stocks dragging the market amidst negative global cues. Changes carried out for (2) above are irrespective of changes, if any, carried out for (1) above.įrom June 26, 2009, CNX Nifty is computed using Free Float Market Capitalisation weighted method, wherein the level of index reflects the free float market capitalisation of all stocks in Index., 03:41:11 PM IST Indices once again turned red amidst negative global cues with Sensex shedding 0.84% and Nifty 0.75% With respect to (2) above, a maximum of 10% of the index size (number of stocks in the index) may be changed in a calendar year. the stock with the highest market capitalization in the replacement pool has at least twice the market capitalization of the index stock with the lowest market capitalization. Ii.When a better candidate is available in the replacement pool, which can replace the index stock i.e. ![]() In such a scenario, the stock having largest market capitalization and satisfying other requirements related to liquidity, turnover and free float will be considered for inclusion. I.Compulsory changes like corporate actions, delisting etc. For this purpose, floating stock shall mean stocks which are not held by the promoters and associated entities (where identifiable) of such companies.Ī) A company which comes out with a IPO will be eligible for inclusion in the index, if it fulfills the normal eligibility criteria for the index like impact cost, market capitalisation and floating stock, for a 3 month period instead of a 6 month period.Ī stock may be replaced from an index for the following reasons: This is the percentage mark up suffered while buying / selling the desired quantity of a security compared to its ideal price (best buy + best sell) / 2Ĭompanies eligible for inclusion in CNX Nifty should have atleast 10% floating stock. Impact cost is cost of executing a transaction in a security in proportion to the weightage of its market capitalisation as against the index market capitalisation at any point of time. Selection of the index set is based on the following criteria:įor inclusion in the index, the security should have traded at an average impact cost of 0.50% or less during the last six months for 90% of the observations for a basket size of Rs. ![]() The constituents and the criteria for the selection judge the effectiveness of the index. Unlocking opportunities in Metal and Mining
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