S&P launches new India index


S&P, Index, India

S&P Indices has launched the S&P CNX Nifty Futures Index to track the performances of a portfolio which holds one CNX Nifty Futures contract that rolls monthly.

Created for those investors interested in trading and investing in Indian equities, the S&P CNX Nifty Futures Index is a diversified, 50-stock index comprising large and highly-liquid securities, covering 25 sectors of the domestic economy.

Said David Blitzer, managing director and chairman of the index committee at S&P Indices: “The Index is also designed to serve as the basis for tradable products, opening an important portal for global investors into the Indian market.”

It is based on the front month contract traded on SIMEX (Singapore Exchange), with roll occurring over a three-day period from the third business day prior to expiration to the first business day prior to expiration.

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