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Energy sector is universally recognized as one of the most significant inputs for economic growth. The growth of a nation, encompassing all sectors of the economy and all sections of society, is contingent on meeting its energy requirements adequately.
As a fast-growing economy, India has become one of the largest energy intensive countries in the World. Energy is a crucial input for India's development process. The need of the hour, therefore, is to meet the energy needs of all segments of India's population in the most efficient and cost-effective manner while ensuring long-term sustainability. IISL has developed CNX Energy Index to capture the performance of the companies in this sector.
Energy sector Index will include companies belonging to Petroleum, Gas and Power sub sectors.
Market Representation
Selection of the index set is based on the following criteria :
As a fast-growing economy, India has become one of the largest energy intensive countries in the World. Energy is a crucial input for India's development process. The need of the hour, therefore, is to meet the energy needs of all segments of India's population in the most efficient and cost-effective manner while ensuring long-term sustainability. IISL has developed CNX Energy Index to capture the performance of the companies in this sector.
Energy sector Index will include companies belonging to Petroleum, Gas and Power sub sectors.
Market Representation
- The CNX Energy Index represents about 7.45% of the free float market capitalization of the stocks listed on NSE and 80.78% of the free float market capitalization of the stocks forming part of the Energy sector universe as on March 31, 2015.
- The total traded value for the last six months ending March 2015 of all index constituents is approximately 5.38% of the traded value of all stocks on NSE and 60.26% of the traded value of the stocks forming part of the Energy sector universe.
Selection of the index set is based on the following criteria :
- Companies must rank within the top 500 companies ranked by average free-float market capitalisation and aggregate turnover for the last six months.
- Companies should form a part of energy sector.
- The company’s trading frequency should be at least 90% in the last six months.
- The company should have reported a positive net worth.
- The company should have an investable weight factor (IWF) of at least 10%.
- The company should have a listing history of 6 months. A company which comes out with an IPO will be eligible for inclusion in the index, if it fulfills the normal eligibility criteria for the index for a 3 month period instead of a 6 month period.
- Final selection of 10 companies shall be done based on the free-float market capitalization of the companies.
- The review will be carried out on a semi-annual basis.
- Below is the list of stocks included in this index.