The National Stock Exchange has stopped using the name of Standard and Poor’s (S&P) in its indices, as a licensing agreement between them has been terminated.
The licensing arrangement between India Index Services & Products Ltd and Standard and Poor’s Financial Services LLC (S&P) has expired from January 31, 2013. “Consequently, the trademarks ‘S&P’ shall not be used henceforth,” the NSE said in a statement.
Following this, S&P CNX Nifty Index has been renamed as CNX Nifty Index. S&P trademark has also been removed from other indices such as Defty, Nifty Dividend, CNX-500, Nifty Shariah, CNX-500 Shariah and CNX Industry.