The full form of NIFTY is National Stock Exchange FIFTY. It is also known as the Nifty 50, the Nifty Simple, or the Nifty CNX. It is a benchmark index for large corporations on India’s NSE (National Stock Exchange). It has fifty stock exchanges covering 23 economic sectors.
Top firms included in NIFTY
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- Asian Paints Ltd.
- Ambuja Cements Ltd.
- Axis Bank Ltd.
- ACC Limited
- Bajaj Auto Ltd.
- Bharat Heavy Electricals Limited
- Bharti Airtel Ltd.
- Bharat Petroleum Corporation
- Bank of Baroda
- Cipla Ltd.
- Cairn India Ltd.
- Coal India Ltd.
- Dr. Reddy’s Laboratories Ltd.
- GAIL (India) Ltd.
- Grasim Industries Ltd.
- HDFC Bank Ltd.
- HCL Technologies Ltd.
- Hindustan Unilever Ltd.
- Housing Development Finance Corporation Ltd.
- Hero MotoCorp Ltd.
- Hindalco Industries Ltd.
- ITC Limited
- Infosys Ltd.
- IndusInd Bank Ltd.
- IDFC Ltd.
- Idea Cellular Ltd.
- ICICI Bank Ltd.
- Kotak Mahindra Bank Ltd.
- Lupin Limited
- Larsen and Toubro Ltd.
- Maruti Suzuki India Ltd.
- Mahindra and Mahindra Ltd.
- NTPC Limited
- NMDC Limited
- Oil & Natural Gas Corporation Ltd.
- Punjab National Bank
- PowerGrid Corporation of India Ltd.
- Reliance Industries Ltd.
- Sun Pharmaceutical Industries Ltd.
- State Bank of India
- Sesa Sterlite Limited
- Tech Mahindra Ltd.
- Tata Steel Ltd.
- Tata Power Co. Ltd.
- Tata Motors Ltd.
- Tata Consultancy Services Ltd.
- UltraTech Cement Ltd.
- Yes Bank Ltd.
- Wipro
- Zee Entertainment Enterprises Ltd.
Utilization of NIFTY
Nifty is owned and operated by IISL (India Index Services and Products Ltd.), a joint venture between the NSE and CRISIL. NIFTY is used for a variety of reasons, some of which are described below.
- Portfolios of Benchmarking funds
- Derivatives dependent on Index
- Funds from indexes and so on.