What is Nifty (NSE Nifty)? - Definition from WhatIs.com

Definition

Nifty (NSE Nifty)

Part of the Business terms glossary:

The S&P CNX Nifty (also known as NSE Nifty or NSE-50 or 'Nifty') is a stock index in India. Nifty consists of 50 stocks representing 23 industry sectors. The constituents of the index change periodically, depending on liquidity, availability of floating stock, turnover and volume of transactions.

S&P CNX Nifty, which is owned and managed by India Index Services and Products Ltd. (IISL),  is India's first company to focus upon a stock index as a core product. IISL has a Marketing and licensing agreement with Standard & Poor's (S&P) index services.

See also: BSE Sense

This was last updated in September 2012
Posted by: Margaret Rouse

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