What is Nifty 50?
The NIFTY 50 is National Stock Exchange of India’s a diversified index comprising a group of most-popular 50 stocks from 12 sectors. NIFTY 50 tracks the market performance of largest cap companies’ stocks, and hence, broadly reflects the sense of the Indian economy.
What does Nifty 50 stand for?
National Stock Exchange 50 is abbreviated as NIFTY 50. The NIFTY 50 index is known as the National Stock Exchange of India. Its benchmark is a broad-based stock market index for the Indian equity market. NIFTY 50 represents the weighted average of 50 Indian company stocks in 12 sectors and is one of the 2 main stock indices used in India.
How is Nifty 50 calculated?
In which, the level of the Index reflects the total market value of all the stocks in the Index relative to a certain base period. Nifty 50 is calculated using the 50 largest stocks which are actively traded on the NSE. The NIFTY 50 is a market capitalization weighted index it is based on this Free Float Method.