What is Nifty Auto

This article is about Nifty Auto

The Nifty Auto Index is designed to reflect the behavior and performance of the Indian automobile sector. The CNX Auto Index is made to reflect the actions and results of the Automobile sector, which comprises businesses that produce heavy vehicles, cars, motorcycles, auto ancillaries, tires, etc. 15 stocks listed on the National Stock Exchange make up the CNX Auto Index. As of December 30, 2011, the CNX Auto Index accounted for about 6.65% of the free float market capitalization of the stocks listed on the NSE and 92.92% of the free float market capitalization of the stocks comprising the Automobile sector. The combined traded value of all index constituents over the past six months is roughly 7.15 percent of the traded value of all NSE stocks and 97.48 percent of the traded value of the stocks included in the Automobile sector universe.