Definition

Nifty (NSE Nifty)

The S&P CNX Nifty (also known as NSE Nifty or NSE-50 or 'Nifty') is a stock index in India. Nifty consists of 50 stocks representing 23 industry sectors. The constituents of the index change periodically, depending on liquidity, availability of floating stock, turnover and volume of transactions.

S&P CNX Nifty, which is owned and managed by India Index Services and Products Ltd. (IISL), is India's first company to focus upon a stock index as a core product. IISL has a Marketing and licensing agreement with Standard & Poor's (S&P) index services.

See also: BSE Sense

Related glossary terms: Indian Institute of Technology (IIT), SWAN (state wide area network), business process management (BPM), Sensex (BSE Sensex), Unique Identification Authority of India (UIDAI), State Bank of India (SBI), Indian Institute of Information Technology (IIIT), Aadhaar , DGS&D (DGS&D rate contracts), business process transformation

This was last updated in September 2012

Posted by: Margaret Rouse

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