For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

What is Nifty or S&P CNX Nifty?

|
What is Nifty or S&P CNX Nifty?
The S&P CNX Nifty or more popularly the Nifty is a stock market index of the National Stock Exchange and comprises of 50 stocks that form the index.
 

While the BSE has the Sensex, the NSE has the Nifty. While the Sensex comprises only 30 top listed stocks, based on various criteria, there are 50 stocks that form part of the Nifty.

Stocks that form a part of the Nifty include names like Reliance Industries, ITC, HDFC, HDFC Bank, ICICI Bank, State Bank, Larsen and Toubro, Infosys, Tata Consultancy Services, Tata Motors and several other stocks.

The Nifty stocks include companies from several sectors like steel, cement, technology, automobiles, banking, telecom, oil and gas, infrastructure, pharmacuticals etc.

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).

The index undergoes a change at times, which some stocks being including at the expense of others. For example, recently Wipro moved out of the Nifty and made way for NMDC. On the other hand Siemens moved out of the Nifty making way for IndusInd Bank.

The NSE Nifty is currently traded at around the 5800 levels and changes almost every day.

GoodReturns.in

Read more about: nifty
Story first published: Monday, April 22, 2013, 8:56 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more