It is well recognized that quality infrastructure is one of the most important necessities for unleashing high and sustained growth.

Government outlay for infrastructure has increased significantly over the years. Clearly, infrastructure has been a focus area. Over the years, not only have the outlays for budgetary expenditure towards the infrastructure sector been increasing, but private investment is also being encouraged. Earlier, the emphasis was on bringing in more and more projects, now the emphasis also includes encouraging financial products suited for infrastructure.

To meet the financial needs of this public-private partnership, it is necessary to promote standards and raise capital in the most efficient and cost-effective manner while ensuring long-term sustainability. Recognizing the needs of the market, IISL has developed CNX Infrastructure Index to capture the performance of the companies in the infrastructure sector.

CNX Infrastructure Index will include companies belonging to Telecom, Power, Port, Air, Roads, Railways, shipping and other Utility Services providers.

The 25-stock CNX Infrastructure Index represents about 78.77% of the market capitalization and 77.07% of aggregate turnover of the companies forming part of the Infrastructure Sector Universe for the last six months (period ending March 31, 2009).

The total traded value for the last six months of all CNX Infrastructure Index constituents is approximately 25.26% of the traded value of all stocks on the NSE. CNX Infrastructure Index constituents represent about 21.43% of the total market capitalization as on March 31, 2009.


Methodology

The index is a market capitalization weighted index with base date of January 1, 2004, indexed to a base value of 1000.


Selection Criteria

Selection of the index set is based on the following criteria:

1. Company's market capitalisation rank in the universe should be less than 500



2. Company's turnover rank in the universe should be less than 500.



3. Company should have a positive Net worth.



4. 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.



5. The constituents should be available for trading in the derivatives segment (Stock Futures & Options market) on NSE.

List of  CNX Infra stocks  | Daily Values