Nifty stands for "National Fifty," serving as the pivotal index for the National Stock Exchange.
Established in 1996 as CNX Nifty, reborn as Nifty 50 in 2015, it tracks the top 50 liquid stocks from 1,600+ on NSE, revealing India's economic trends.
Nifty mirrors the schedule of the Equity Segment, operating Monday to Friday from 9:15 am to 3:30 pm.
Nifty is calculated using the float-adjusted, market capitalization-weighted methodology.
Index value = Current Market Value / (Base Market Capital x 1000).
Nifty 50 Companies List 2023 - Best Companies to Invest???
The Nifty index comprises the 50 most prominent companies in the market. Fluctuations in these companies' stock prices have a direct impact on the Nifty's movement, reflecting market trends.
This index serves as a benchmark for fund managers, analysts, and traders to evaluate their portfolio performance against the broader market.