WHAT IS NIFTY
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WHAT IS NIFTY ?
The Nifty , also called Nifty 50 or CNX Nifty is a major stock index in India introduced by the National stock exchange. . The word fifty is used because; the index consists of 50 actively traded stocks from various sectors.
Nifty is owned and managed by India Index Services and Products Ltd. (IISL), which is a joint venture between NSE and CRISIL (Credit Rating and Information Services of India Ltd). IISL is India's first specialized company focused upon the index as a core product. IISL has a marketing and licensing agreement with Standard & Poor's (S&P) for co-branding equity indices. 'CNX' in its name stands for 'CRISIL NSE Index'.
The CNX Nifty covers 22 sectors of the Indian economy , comprises of 50 stocks that form the index. It is used for a variety of purposes such as benchmarking fund portfolios, index based derivatives and index funds. The Nifty stocks include companies from several sectors like steel, cement, technology, automobiles, banking, telecom, oil and gas, infrastructure, pharmacuticals etc. The companies which form index of NIFTY may vary from time to time based on many factors considered by NSE.
To view all major companies current share price involved in S & P CNX Nifty click here
http://www.nseindia.com/live_market/dynaContent/live_watch/equities_stock_watch.htm
