NIFTY was coined fro the two words ‘National’ and ‘FIFTY’. The word fifty is used because; the index consists of 50 actively traded stocks from various sectors.
Nifty is a stock market index and benchmark index for Indian equity market.
Nifty is owned and managed by India Index Services and Products Ltd.
17 September 2013
Coined by bringing the words “National” and “fifty” (50 stocks it comprises of) The CNX Nifty or the Nifty 50 is a stock market index. This is the benchmark index for the National Stock Exchange. It’s a weighted average of 50 major companies that are listed on the national stock exchange.
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