CNX Nifty to be rebranded as Nifty 50

IISL Rebrands all the Indices

 “CNX Nifty” to be rebranded as “Nifty 50”

India Index Services & Products Limited (IISL), an NSE group company and India’s leading index provider, is pleased to announce the rebranding of all the existing IISL indices including CNX Nifty, CNX 100, CNX 200, CNX 500, CNX Midcap, CNX Smallcap etc.

IISL as part of the rebranding initiative proposes to rebrand all its existing indices to include ‘Nifty’ in the name of its indices as Nifty has become a strong brand name amongst the investors tracking Indian capital markets.  NSE’s flagship “CNX Nifty” index will be rebranded as “Nifty 50” index.

“Over the years, Nifty 50 has become synonymous with Indian equity market both domestically and internationally. Inclusion of Nifty in the name of IISL’s indices will enhance the acceptability of products linked to Nifty family worldwide. Ever increasing participation in Nifty indices indicates that interests in Indian market are growing.” said Ms. Chitra Ramkrishna, MD and CEO, NSE. 

Nifty 50 options traded on NSE are the largest traded contract globally in equity index options category. In addition to NSE, Nifty derivatives are also traded on Singapore Exchange Ltd., Chicago Mercantile Exchange Inc. and Osaka Exchange Inc.

Further, 97% of total asset under management of equity ETFs in India is linked to Nifty family of indices.  Total ETF AUM tracking Nifty family of indices globally (domestic and international) is USD 2240 million. As on August 31, 2015, there are 6 international ETFs and 11 domestic ETFs & 14 index funds based on Nifty 50 Index.  Further, 18 domestic ETFs and index funds are linked to other IISL indices. 

List of all IISL indices with their new names is attached herewith and also available on our website (http://www.nseindia.com/supra_global/content/iisl/press_rel.htm).

The rebranding of IISL’s indices will be effective from November 09, 2015.

About NSE: 

In its 20 year history, NSE has transformed the capital market, based on technology, innovation, high standards of governance and management practices. NSE's business practices and high levels of integrity have earned it the trust of the financial markets worldwide. Besides being a platform of choice for all exchange traded financial products in India, NSE’s flagship index, the Nifty 50, has become a benchmark national level economic parameter. Since inception, the exchange has been covered extensively by global media and has won many accolades as recognition of this remarkable journey.

About IISL: India Index Services & Products Ltd. (IISL), a NSE group company, was setup in May 1998 to provide a variety of indices and index related services for the capital markets. IISL is India's first specialised company focused upon the index as a core product. IISL maintains more than 100 equity indices comprising broad-based benchmark indices, sectoral indices and customised indices. IISL also maintains fixed income indices based on Government of India bonds. Many investment and risk management products based on IISL indices have been developed in the recent past, within India and abroad. These include index based derivatives traded on NSE, Singapore Exchange Ltd. (SGX), Chicago Mercantile Exchange Inc. (CME) and Osaka Exchange Inc. (OSE) and a number of index funds and exchange traded funds. The flagship 'Nifty 50' index is widely tracked and traded as the benchmark for Indian Capital Markets.

Annexure

Sr. No.	Category	Existing Names	New Names
1	Broad	CNX Nifty	Nifty 50
2	Broad	CNX Nifty Junior	Nifty Next 50
3	Broad	CNX 100	Nifty 100
4	Broad	CNX 200	Nifty 200
5	Broad	CNX 500	Nifty 500
6	Broad	LIX 15	Nifty100 Liquid 15
7	Broad	LIX15 Midcap	Nifty Midcap Liquid 15
8	Broad	CNX Midcap	Nifty Midcap 100
9	Broad	Nifty Midcap 50	Nifty Midcap 50
10	Broad	CNX Smallcap	Nifty Smallcap 100
11	Sector	CNX Auto	Nifty Auto
12	Sector	CNX Bank	Nifty Bank
13	Sector	CNX Finance	Nifty Financial Services
14	Sector	CNX FMCG	Nifty FMCG
15	Sector	CNX IT	Nifty IT
16	Sector	CNX Media	Nifty Media
17	Sector	CNX Metal	Nifty Metal
18	Sector	CNX Pharma	Nifty Pharma
19	Sector	CNX PSU Bank	Nifty PSU Bank
20	Sector	CNX Realty	Nifty Realty
21	Sector	IISL CNX Industry Indices	Nifty500 Industry Indices
22	Thematic	CPSE	Nifty CPSE
23	Thematic	CNX Energy	Nifty Energy
24	Thematic	CNX Infrastructure	Nifty Infrastructure
25	Thematic	CNX Service Sector	Nifty Services Sector
26	Thematic	CNX Commodities	Nifty Commodities
27	Thematic	CNX Consumption	Nifty India Consumption
28	Thematic	CNX MNC	Nifty MNC
29	Thematic	CNX PSE	Nifty PSE
30	Thematic	CNX Nifty Shariah	Nifty50 Shariah
31	Thematic	CNX 500 Shariah	Nifty500 Shariah
32	Thematic	CNX Shariah25	Nifty Shariah 25
33	Strategy	CNX Dividend Opportunities	Nifty Dividend Opportunities 50
34	Strategy	CNX Low Volatility	Nifty Low Volatility 50
35	Strategy	CNX Alpha	Nifty Alpha 50
36	Strategy	CNX High Beta	Nifty High Beta 50
37	Strategy	NV 20	Nifty50 Value 20
38	Strategy	NI15	Nifty Growth Sectors 15
39	Strategy	CNX 100 Equal Weight	Nifty100 Equal Weight
40	Strategy	Nifty PR 1X Inverse	Nifty50 PR 1x Inverse
41	Strategy	Nifty PR 2x Leverage	Nifty50 PR 2x Leverage
42	Strategy	Nifty TR 1X Inverse	Nifty50 TR 1x Inverse
43	Strategy	Nifty TR 2X Leverage	Nifty50 TR 2x Leverage
44	Strategy	CNX Defty	Nifty50 USD
45	Strategy	CNX Nifty Dividend	Nifty50 Dividend Points
46	Strategy	NSE Quality 30	Nifty Quality 30
47	Fixed Income	GSEC10 NSE	Nifty 8-13 yr G-Sec
48	Fixed Income	GSECBM NSE	Nifty 10 yr Benchmark G-Sec
49	Fixed Income	NSE GSECBM Clean Price	Nifty 10 yr Benchmark G-Sec (Clean Price)

 For Media Contact

Arindam Saha 

Head - Corporate Communications & Affairs

National Stock Exchange of India Limited (NSE)

Exchange Plaza, Bandra Kurla Complex, Bandra East, Mumbai - 400051

Mobile: (99300 19202 and 99030 36100); Contact: (Direct 022- 26598164);

Email: asaha@nse.co.in

Follow: @sarindam

www.nseindia.com

Share: