cemcompusoft said:
Hello Ashish,
Can you tell me the formula for calculating Nifty Value. Traderji has already given 'weights' for securities in one thread (for SENSEX).
I have listen that earlier there was error by NSE in Nifty Value which they corrected immidiately. (I am not sure about it as I am new in this market)....so i want to develope a simple utility which takes Prices of scripts of Nifty (or Sensex) and calculate Index value itself.
Regards,
K.S.Kachhwaha
Hi Mr. Kachhwaha!
I am afraid if I precisely know how to calculate the NIFTY values. Ofcourse, it's based upon market capitalizaton of the constituents. But, getting the base value of Nifty and its adjustment since 1994 on account of change in composition, split, bonus and rights will prove to be a daunting task.
Yes, there was some problem in NIFTY computation the day reliance split was given effect which was corrected immediately. But I would suggest you to concentrate on trading leaving such mundane activities to the NSE.Afterall, even if the value of NIFTY is not correct, the market participants are not going to calculate it on their own rather they will react to the value reflecting on their screen and that is where the moeny will be made.
The weights of diff. constituents of NIFTY are available on http://www.nseindia.com/marketinfo/eod_information/outstanding_shares_nifty.jsp
Regards,
--Ashish