NIFTY Full Form | Full Form of NIFTY
NIFTY Full Form - National Stack Exchange Fifty
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National Stack Exchange Fifty
- NIFTY stands for National stock exchange FIFTY. It's also referred to as CNX Nifty, Nifty 50 or simple Nifty.
- It's a leading index for giant companies on the National stock exchange in India. It contains 50 stock exchanges accounting for 23 sectors of the economy.
Usage
National Stack Exchange Fifty
- NIFTY is used as for a spread of purposes. Some are:
- Benchmarking fund portfolios
- Index based derivatives
- Index funds etc.
- Nifty is owned and managed by India Index Services and Products Ltd. (IISL) that's a joint venture between NSE and CRISIL
Top companies included in NIFTY
- ACC Limited
- Ambuja Cements Ltd.
- Asian Paints Ltd.
- Axis Bank Ltd.
- Bajaj Auto Ltd.
- Bank of Baroda
- Bharat Heavy Electricals Limited
- Bharat Petroleum Corporation
- Bharti Airtel Ltd.
- Cairn India Ltd.
- Cipla Ltd.
- Coal India Ltd.
- Dr. Reddy's Laboratories Ltd.
- GAIL (India) Ltd.
- Grasim Industries Ltd.
- HCL Technologies Ltd.
- HDFC Bank Ltd.
- Hero MotoCorp Ltd.
- Hindalco Industries Ltd.
- Hindustan Unilever Ltd.
- Housing Development Finance Corporation Ltd.
- ICICI Bank Ltd.
- PowerGrid Corporation of India Ltd.
- Punjab National Bank
- Reliance Industries Ltd.
- SesaSterlite Limited
- State Bank of India