Categories: Financial Glossary

What is: Nifty

Nifty is an index or an indicator of the performance of the companies listed in Nifty Index which are listed on national stock exchange situated in delhi. Nifty constitutes of 50 companies and the change in the Nifty index ( Up or down ) indicate the trend in the majority of those companies that comprise of the Nifty Index.

Nifty is a joint holding of National Stock Exchange ( NSE ) and India Index Services and Products Limited ( IISL ).

The index base year was November 3, 1995 which is when NSE or National Stock Exchange Equity Market Segment completed one year. The base value of the index was then set at 1000.

NIFTY covers 22 sectors of the Indian economy and apart from Nifty there are other major indices like

  • CNX Bank Nifty
  • CNX IT Nifty
  • CNX Mid Cap Index
  • CNX Nifty Junior
  • S&P CNX 500

The formation of those index tracks the sectoral performance.

Shabbir Bhimani

A trader, investor, consultant and blogger. I mentor Indian retail investors to invest in the right stock at the right price and for the right time.

Share
Published by
Shabbir Bhimani
Tags: IndicesNifty

Recent Posts

Can 2023 US Banking Crisis lead to 2008 like situation for equities?

Understand US banking crisis. What Happened to SVB Bank? How Safe Are Indian Banks? Can…

1 year ago

Business Analysis of Divis Lab and Why Share Price Keeps Falling

The business analysis of Divis Lab in a 3-step process and understand why the share…

1 year ago

How to Calculate Fair Price of Stocks?

Calculate the fair price of stocks with an easy-to-use Google sheet with intrinsic value and…

1 year ago

Pre-Investing Checklist – 3 Ratios I Check Before Investing

Pre-Investing Checklist - the three most important ratios that you should be looking for when…

1 year ago

Should I Switch my Existing Mutual Funds If they Aren’t The Ones You Recommend?

Should I redeem or switch from my existing mutual funds if they are not the…

1 year ago

How to Find Stocks with Hidden PE ratio of Under 1?

How to Find Stocks with Hidden PE ratio of Under 1 - The Mohnish Pabrai…

1 year ago