What does CNX mean?

Meanwhile, the 'NX' represents the National Stock Exchange (NSE), one of the leading stock exchanges in the country. The NSE is known for its robust trading infrastructure and diverse product offerings, catering to the needs of investors across the globe.

These two entities have joined forces to create a joint venture known as India Index Products and Services Limited (IISL). This partnership signifies their commitment to enhancing the Indian financial markets through innovative index products and services.

IISL owns and operates the CNX Nifty 50, a popular and widely-tracked stock market index in India. The Nifty 50 comprises a basket of 50 leading and largest listed companies in India, representing various sectors of the economy.

The CNX index is a collaboration between two prestigious institutions in India's financial sector. The 'C' in its name signifies Credit Rating Information Services of India (CRISIL), a renowned credit rating agency known for its expertise in assessing the creditworthiness of entities.

The CNX Nifty 50 is a benchmark index that is widely used by investors, traders, and analysts to gauge the overall performance of the Indian stock market. Its comprehensive coverage of the market and its liquidity make it an attractive option for those seeking exposure to the Indian equity markets.