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'''NIFTY 500''' is [[India]]’s first broad-based [[stock market index]] of the Indian stock market.<ref>{{Cite web|last=India|first=NSE|date=|title=NSE NIFTY 500|url=https://www1.nseindia.com/products/content/equities/indices/nifty_500.htm|url-status=live|archive-url=|archive-date=|access-date=|website=}}</ref> The NIFTY 500 index represents about 96% of total market capitalization and about 93% of the total turnover on the [[National Stock Exchange of India|NSE]].<ref>{{cite web|url=http://finance.indiamart.com/markets/nse/sp_cnx_500.html |title= Current Status S&P CNX 500|publisher=Indiamart}}</ref> | '''NIFTY 500''' is [[India]]’s first broad-based [[stock market index]] of the Indian stock market.<ref>{{Cite web|last=India|first=NSE|date=|title=NSE NIFTY 500|url=https://www1.nseindia.com/products/content/equities/indices/nifty_500.htm|url-status=live|archive-url=|archive-date=|access-date=|website=}}</ref> The NIFTY 500 index represents about 96% of total market capitalization and about 93% of the total turnover on the [[National Stock Exchange of India|NSE]].<ref>{{cite web|url=http://finance.indiamart.com/markets/nse/sp_cnx_500.html |title= Current Status S&P CNX 500|publisher=Indiamart}}</ref> | ||
NIFTY 500 companies are disaggregated into 72 [[Industry (economics)|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. | NIFTY 500 companies are disaggregated into 72 [[Industry (economics)|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 [[National Stock Exchange of India|NSE]], banking stocks in the index would also have an approximate representation of 5% in the index. | ||
==References== | ==References== |