CNX IT provides investors and market intermediaries with an appropriate benchmark that captures the performance of the IT segment of the market. Companies in this index are those that have more than 50% of their turnover from IT related activities like IT Infrastructure , IT Education and Software Training , Telecommunication Services and Networking Infrastructure, Software Development, Hardware Manufacturer’s, Vending, Support and Maintenance. Companies selected in the index are the IT stocks which ranking high in terms of market value represented by their market capitalization and liquidity.

The index is the market capitalization weighted index constituting the major IT stocks and had the base date of 1st January 1996 and base index value of 1000. However, the Base Value of the index had been revised from 1000 to 100 with effect from 28 May 2004.

Considerations to be taken into account for the inclusion of the companies in this very index are as follows:

1. The influence of each company on the index is directly proportional to its market value. Therefore, a company’s rank based on the average market capitalization over a 6 month period is an important consideration for its selection in the CNX IT Index.

2. The companies considered for inclusion should rank among the highest in the IT sector in terms of annual trading turnover and must have demonstrated a high level of trading frequency in the previous 6 month period.

3. 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.

CNX IT INDEX STOCKS

We are laying down before you the complete description of each banking stock underlying in CNX IT INDEX. We shall be giving you the comprehensive description on the technical analysis of each stock through data analysis, candlestick patterns and chart patterns determining the future expecting movement of the stocks through the medium of the technical charts. Moreover, the technical aspect of every stock would be supported by the comparative financial statement analysis, ratio analysis and the share valuation dividend growth models from the financial year ending March; 2006 onwards. The valuation of the shares has been based on whether or not the company concerned has been consistent enough to pay the dividends to their shareholders. All the details will be updated on the quarterly basis to make you aware of the ongoing position in each respective IT Stocks listed under the aforesaid mentioned index.

Following are the list of stocks mentioned below underlying in CNX IT INDEX. Some of them are having the detailed description and the remaining ones will be updated soon as the research is still going on them.