NIFTY Full Form

by Yogi P - August 27, 2023

What is the full form of NIFTY?

Full form of NIFTY is the National stock exchange FIFTY.

What does NIFTY stands for?

NIFTY stands for National Stock Exchange FIFTY. Often called Nifty 50 or simply Nifty, it’s a key index on India’s National Stock Exchange (NSE) that tracks the performance of 50 large companies across 23 industries.

Some Leading Companies in NIFTY:

1. Asian Paints Ltd.
2. Axis Bank Ltd.
3. Bajaj Auto Ltd.
4. Bharti Airtel Ltd.
5. Bharat Petroleum
6. Cipla Ltd.
7. Dr. Reddy’s Labs
8. GAIL (India) Ltd.
9. HDFC Bank Ltd.
10. Hindustan Unilever Ltd. … and many more, including giants like Infosys, ICICI Bank, and Reliance Industries.

How is NIFTY used?

NIFTY is managed by IISL (India Index Services and Products Ltd.), a collaboration between NSE and CRISIL. Here’s what NIFTY is typically used for:

• Benchmarking fund portfolios.
• Creating products based on the index like derivatives.
• Forming indexed funds.

In simpler terms, NIFTY helps to gauge how well or poorly companies in its list are performing, and various financial products are designed based on its movements.