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What’s S&P CNX Defty?

April 26, 2017CNX

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What’s S&P CNX Defty?

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S&P CNX Defty is S&P CNX Nifty, measured in US dollar terms. If the S&P CNX Nifty rises by 2% it means that the Indian stock market rose by 2%; measured in rupees. If the S&P CNX Defty rises by 2%, it means that the Indian stock market rose by 2%, measured in US dollars. The S&P CNX Defty is calculated in realtime. Data for the S&P CNX Nifty and the dollar–rupee note is absorbed in realtime, and used to calculate the S&P CNX Defty in realtime. When there is currency volatility, the S&P CNX Defty is an ideal device for a foreign investor to know where he stands, even intraday.