What is Nifty?
NIFTY is the leading index in the Indian stock market that keeps the record of the large companies on the National Stock Exchange. NIFTY is also known as S&P CNX Nifty, Standard & Poor’s CRISIL NSE index or Simply NIFTY 50. Nifty represents 50 stocks that belong to 23 different economical sectors. Nifty may be used for different purposes such as index funds, index based derivatives and benchmarking fund portfolios. The India index services and Products Ltd. Owns and manages Nifty Index.
Nifty has emerged as the only financial product in India which has the largest ecosystem. This ecosystem comprises of onshore and offshore exchange traded funds, exchange –traded futures and options that are linked to NSE in India and CME and SGX abroad, offshore OTC derivatives and other index funds.