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The stocks in this NSE-Nifty index are selected on the basis of market capitalisation and liquidity. The CNX Nifty Junior represents about 8% of total market capitalisation of all equity shares.
Here's more information on CNX Nifty Jr.
The benchmark Nifty50 and the Sensex declined as oil prices rose after the US threatened to continue the naval blockade at the Strait of Hormuz for indefinite time.