NIFTY full form is National Stock Exchange Fifty. It is a word consisting of two words National and Fifty. It is also called NIFTY 50, but usually people use it in the name of NIFTY. Nifty is a stock exchange that has indexed the stocks of 50 major companies. For your information, stock list of more than 50 companies cannot be listed in Nifty. Let us now get other general information about it.
What Is NIFTY?
Nifty is the first index, released by the National Stock Exchange (NSE).
The Nifty is an index of 50 companies with the largest market cap listed on the National Stock Exchange.
If we talk about its base year, then 1995 is its base year.
The Nifty is calculated from November 3, 1995 and has an index base of 1000.
Benefits Of NIFTY?
Through NIFTY you can get information about the country’s economy.
Friends, if the market picks up, then NIFTY goes upwards, and the country’s economy also goes upwards.
With its help, you get complete information about the boom and downturn in the market and the profits and losses of the company, as you know, the National Stock Exchange (NSE) can also be found out through NIFTY.