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The CNX 100 index consists of 100 diversified stocks. The index represents more than 70% of the free float market capitalization and it covers 35 sectors of the economy.
The index base date is Jan 1, 2003; the base value is 1000 points.
CNX 100 used to be calculated using a market capitalization weighted methodology; it is now computed using a free float market-capitalization weight methodology.
The current object downloads weight data for stocks that belong to the CNX 100 index. The data comes from the NSE, National Stock Exchange, and it is saved in the "Weight" field of the "cnx100_weightage" database.
As of May 12, 2010. the top 5 stocks according to their weight on the CNX 100 index are:
Reliance Industries Ltd - 9.57%
Infosys Technologies Ltd. - 7.22%
ICICI Bank Ltd - 5.8%
Larsen & Toubro Limited - 5.32%
Housing Development Finance Corporation Ltd. - 3.9%
In order to be included in the CNX 100, a security has to be listed on the S&P CNX Nifty or CNX Nifty Junior index.
Here are some stocks included in the CNX 100:
Axis Bank Ltd
Bharti Airtel Ltd
Infosys Technologies Ltd
Power Finance Corporation Ltd
Reliance Natural Resources Ltd
Tata Steel Ltd
United Spirits Ltd
Zee Entertainment Enterprises Lt
The index was created by the IISL, India Index Services & Products Ltd.