What is the full form of NIFTY?

  1. What is the full form of NIFTY?
  1. The full form of NIFTY is the National stock exchange FIFTY. It is a benchmark of the Indian market index on in India for large companies. It includes fifty stock exchanges that cover 14 economic sectors as of June 2020 and provide investment exposure to Indian economic in one frame. It is started on 22 April 1996 and also known as NIFTY 50. NIFTY 50 is claimed and overseen by NSE Indices which is an entirely possessed auxiliary of the NSE Strategic Investment Corporation Limited. The NIFTY 50 record has turned out to be the biggest single monetary item in India. it is the world's most actively traded contract.
    The NIFTY 50 Index gives a weightage of 39.47% to financial services, 15.31% to Energy, 13.01% to IT, 12.38% to consumer goods, 6.11% to Automobiles and 0% to the agricultural sector.

    50 companies that are part of NIFTY

    1.Asian Paints Ltd
    2.Ambuja Cements Ltd
    3.Axis Bank Ltd
    4.ACC Limited
    5.Bajaj Auto Ltd.
    6.Bharat Heavy Electricals Limited
    7.Bharti Airtel Ltd.
    8.Bharat Petroleum Corporation
    9.Bank of Baroda
    10.Cipla Ltd
    11.Cairn India Ltd
    12.Coal India Ltd
    13.Dr. Reddy’s Laboratories Ltd
    14.GAIL (India) Ltd
    15.Grasim Industries Ltd.
    16.HDFC Bank Ltd.
    17.HCL Technologies Ltd.
    18.Hindustan Unilever Ltd.
    19.Housing Development Finance Corporation Ltd.
    20.Hero MotoCorp Ltd.
    21.Hindalco Industries Ltd.
    22.ITC Limited
    23.Infosys Ltd.
    24.IndusInd Bank Ltd.
    25.IDFC Ltd.
    26.Idea Cellular Ltd.
    27.ICICI Bank Ltd.
    28.Kotak Mahindra Bank Ltd.
    29.Lupin Limited
    30.Larsen and Toubro Ltd.
    31.Maruti Suzuki India Ltd.
    32.Mahindra and Mahindra Ltd.
    33.NTPC Limited
    34.NMDC Limited
    35.Oil & Natural Gas Corporation Ltd.
    36.Punjab National Bank
    37.PowerGrid Corporation of India Ltd.
    38.Reliance Industries Ltd.
    39.Sun Pharmaceutical Industries Ltd.
    40.State Bank of India
    41.Sesa Sterlite Limited
    42.Tech Mahindra Ltd.
    43.Tata Steel Ltd.
    44.Tata Power Co. Ltd.
    45.Tata Motors Ltd.
    46.Tata Consultancy Services Ltd.
    47.UltraTech Cement Ltd.
    48.Yes Bank Ltd.
    50.Zee Entertainment Enterprises Ltd.

    Use of NIFTY

    1. It is an important tool for benchmarking portfolio performance

    2. Subsidiaries reliant on Index

    3. Index Services and Products Limited (IISL)
What is the full form of NIFTY?