What is full form of NIFTY?

NIFTY FULL FORM- National Stock Exchange Fifty

Nifty is an index that is calculated on the basic of performance of stock company that is listed on NSE (National Stock Exchange). NIFTY is made of top fifty companies from twenty four different sectors. It is owned and managed by Index Service and Product. It is an indicator of all major companies about stock value of the NSE. After knowing NIFTY full form, now we are going to discuss about every detail of nifty.

 

 

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nifty-full-form

 

 

Purpose of Nifty:

  1. It is benchmark for fund portfolios of MF:

Nifty is one of the biggest stock exchanges in India that provides the benchmark to investors for their decision whether they should buy a particular stock or not. It will become easy for investor to decide that which stock or Mutual Fund or Investment is good for them. They can compare the stock value with previous stock value. Apart from that, here they will get timely update about the current stock value of the stock. By the current value of these stocks, they can take decision whether it is right time to sell or purchase of that stock like BSE calculation.

 

 

 

  1. Measure the performance of company:

Nifty consist top fifty companies stock at a time. These stocks are taken from twenty four different sectors of Indian economy. These are the same high performance stock all over different sectors of India that is giving high performance in current time period. For getting fifty stock from twenty four sectors, nifty have to measure the performance from all the twenty sectors so that fifty stock companies could be calculated. In this ways, NIFTY measures the performance of top fifty companies that is giving their best performance in India.

 

 

Calculation of NIFTY:

NIFTY is calculated on full market capitalization method that is based on free float market capitalization weighted indeed.

 

 

 

List of top companies that is included in NIFTY as on 3 march 2014 are as follow:

Company Name
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.

Idea Cellular Ltd.

IDFC Ltd.

IndusInd Bank Ltd.

Infosys Ltd.

ITC Limited

Kotak Mahindra Bank Ltd.

Larsen & Toubro Ltd.

Lupin Limited

Mahindra & Mahindra Ltd.

Maruti Suzuki India Ltd.

NMDC Limited

NTPC Limited

Oil & Natural Gas Corporation Ltd.

PowerGrid Corporation of India Ltd.

Punjab National Bank

Reliance Industries Ltd.

Sesa Sterlite Limited

State Bank of India

Sun Pharmaceutical Industries Ltd.

Tata Consultancy Services Ltd.

Tata Motors Ltd.

Tata Power Co. Ltd.

Tata Steel Ltd.

Tech Mahindra Ltd.

UltraTech Cement Ltd.

Wipro

Yes Bank Ltd.

Zee Entertainment Enterprises Ltd.

 

 source : wikipedia

 

 

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