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Nifty is the Index of Indian share market on NSE (National Stock exchange) like Sensex on BSE (Bombay Stock Exchange).
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National stock exchange Nifty is the Index of Indian share market on NSE (National Stock exchange) like Sensex on BSE (Bombay Stock Exchange). Trading is done on Nifty contract which is also called as Nifty future derivative. Bank portfolios and index fund is measured by using Nifty index which is based on derivatives. In the stock market of the Indian economy, the nifty index is such an index which represents 50 stocks, spanning 21 sectors. The nifty is managed and owned by the Indian Services and products limited. Between CRISIL and NSE, joint venture has been started. IISL is the only company who employ Nifty as the principle product. Other than this company no other company employs Nifty. To evaluate the overall performance of the nation's stock market, to benchmark the index funds and index based derivative, Nifty is used most widely over the time. In the stock market of the Indian economy, one of the leading indexes is Nifty. Nifty derivative movement is based on Nifty index. In stock market language it is called as "underlying of Nifty future contract is S&P CNX NIFTY Index." It is also the prime index of the National stock exchange. Just like the Sensex, Nifty used the free float market capitalisation weighted index method. About 60%of the total market capitalization is represented by the S& P CNX Nifty index stocks of the National stock exchange. In which S stands for Standard and P stand for Poor. Full market capitalisation has been used by the index by assigning weight to different constitutes, from its conception. On the basis of free float methodology computation of index is done since 26th June, 2009. About thirty three percent weightage in the index is of the top four companies of India. These companies are Larsen and Toubro, Infosys technologies, Reliance industries and ICICI bank. It can also be said that top eight script owns the half weightage in the Nifty which is accounted in it. 1000 is the base valued of index which is set by the National Stock Exchange. The base capital is of 2.06 trillion. Nifty is very simplified tool. It helps the investors and ordinary people also at the same time. It also helps to understand that what is happening in the stock market and the economy of our country. If the index soars high, it is a signal that companies in India are performing well and as a result, the contrary is doing well. Upon solid economic research the Nifty index is based. Its pioneering effort is internationally considered and respected. It is very simple understanding of complex technicalities of the market. In terms of trades in the capital market, this index is the third largest stock exchange in the world in the stock market. Computation and maintenance of Nifty index is done by NSE. The NSE has a market capitalization of around 7,262,507 crore (US$ 1,648.59 billion). It has recorded the growth of 116.6% and is the second largest growing stock exchange in the world. References: http://lastbull.com/
http://lastbull.com/list-of-nifty-stocks-nifty-50-nifty-fifty-companies/http://lastbull.com/list-of-nifty-stocks-nifty-50-nifty-fifty-companies/